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CHARACTERISTIC #9–MONEY
COMING IN WHILE YOU SLEEP
How can you ever have freedom if
you’re working in a business that
requires you to be there everyday?
That’s not freedom, is it?
Bottom line: if your income is
determined by the number of hours
you work, you’ll NEVER make your
F.U. Money, and you’ll never have
true freedom. You simply must
have money that comes in while you sleep.
What’s crazy is that dentists and doctors study for eight, ten, twelve
years in medical school and get heavily
indebt just so they can swap hours for
dollars the rest of their lives. In essence
, they fix teeth and write prescriptions
all day to pay off their school debts.
I love my doctors and am grateful that I
have them around when I need them.
But to me, that’s not a very exciting
way to spend your life. (If you’re a
dentist or doctor reading this book, you
know exactly what I am talking about!)
If I were to ask a dentist or a doctor, “Let’s say you’ve already made
your F.U. Money, and you never have to work another day in your rest of your life.
Would you still keep you doing what you’re doing?” Most of them would
reply with no hesitation, “Nope. I would get the heck out of here.”
Getting indebt and studying for years
so you can swap hours for dollars
makes no fxxking sense.
MONEYISM #64: If your business
can’t make it without money, then your business probably can’t make it with money.
I want a business that has the potential
to make me a lot of money with
minimum involvement from me.
I have two hobbies; one is ballroom
dancing. I do cha-cha, rumba, and
Latin dance, where I compete at an
amateur level (not professionally).
I also practice martial arts. I especially
enjoy martial arts because it enhances
my self-discipline and improves my
physical health at the same time.
“It’s nice to know that you can kick the
ass of anyone at the table. What more
do you need to know? That image of
yourself extends to all areas of your professional and personal life.
Physical well-being says you’re disciplined, you are a winner.”
-Donny Deutsch, Host of The Big Idea.
I couldn’t agree with Donny more.That’s
why I’m a bit of a health nut myself. I
don’t drink, smoke, or do drugs. I’m big
on exercising and working out,
because that’s how I stay healthy so I
can enjoy life to the fullest. Besides,
what good is it to be rich if you’re so
sick and tired that you can’t enjoy
spending the money?
I like this old Spanish proverb: “Health,
wealth, and the time to enjoy it.”
That’s my motto.
MONEYISM #65: Life and time are the
same thing. If you’re wasting your time,
you’re wasting your LIFE.
So these are the nine characteristics of
an ideal business. Now, compare these defining features to your existing
business. How many elements does
your business have? How can you
incorporate these elements into your
current business? If you were to start
all over again, would you buy your own business from you?
If your answer is no, then the time to
get out is NOW. You need to have a
heart-to-heart with yourself and take
inventory of what you really want in
life, and how you propose to get it.
The only vehicle that I found that
meets all these criteria is an Internet
business. The Internet has brought
me fortune and fame. I would not
have made my F.U. Money so fast
without the Internet. So if you haven’t
started a business yet, you should
seriously consider starting an Internet
-based business NOW. Do it in your
spare time if you have to. Once your
Internet business is generating
twice as much income as your current
job, you can quit your current job if you
want to.
Or, if you have a business, but it’s not
currently Internet-based, you have
two choices. One: transition that
business from off line to online as
much as possible. Use the Internet to
stream line your operation, attract new customers, or outsource difficult and
tedious tasks, etc. Or, two: get out of
the business you’re in and start an
Internet business. It’s that simple.
This may sound harsh, but again let me
remind you—if you ever intend to make
your F.U. Money, you must first put
yourself in a position to do so.
》Next 》 click
CHARACTERISTIC #9–MONEY
COMING IN WHILE YOU SLEEP
How can you ever have freedom if
you’re working in a business that
requires you to be there everyday?
That’s not freedom, is it?
Bottom line: if your income is
determined by the number of hours
you work, you’ll NEVER make your
F.U. Money, and you’ll never have
true freedom. You simply must
have money that comes in while you sleep.
What’s crazy is that dentists and doctors study for eight, ten, twelve
years in medical school and get heavily
indebt just so they can swap hours for
dollars the rest of their lives. In essence
, they fix teeth and write prescriptions
all day to pay off their school debts.
I love my doctors and am grateful that I
have them around when I need them.
But to me, that’s not a very exciting
way to spend your life. (If you’re a
dentist or doctor reading this book, you
know exactly what I am talking about!)
If I were to ask a dentist or a doctor, “Let’s say you’ve already made
your F.U. Money, and you never have to work another day in your rest of your life.
Would you still keep you doing what you’re doing?” Most of them would
reply with no hesitation, “Nope. I would get the heck out of here.”
Getting indebt and studying for years
so you can swap hours for dollars
makes no fxxking sense.
MONEYISM #64: If your business
can’t make it without money, then your business probably can’t make it with money.
I want a business that has the potential
to make me a lot of money with
minimum involvement from me.
I have two hobbies; one is ballroom
dancing. I do cha-cha, rumba, and
Latin dance, where I compete at an
amateur level (not professionally).
I also practice martial arts. I especially
enjoy martial arts because it enhances
my self-discipline and improves my
physical health at the same time.
“It’s nice to know that you can kick the
ass of anyone at the table. What more
do you need to know? That image of
yourself extends to all areas of your professional and personal life.
Physical well-being says you’re disciplined, you are a winner.”
-Donny Deutsch, Host of The Big Idea.
I couldn’t agree with Donny more.That’s
why I’m a bit of a health nut myself. I
don’t drink, smoke, or do drugs. I’m big
on exercising and working out,
because that’s how I stay healthy so I
can enjoy life to the fullest. Besides,
what good is it to be rich if you’re so
sick and tired that you can’t enjoy
spending the money?
I like this old Spanish proverb: “Health,
wealth, and the time to enjoy it.”
That’s my motto.
MONEYISM #65: Life and time are the
same thing. If you’re wasting your time,
you’re wasting your LIFE.
So these are the nine characteristics of
an ideal business. Now, compare these defining features to your existing
business. How many elements does
your business have? How can you
incorporate these elements into your
current business? If you were to start
all over again, would you buy your own business from you?
If your answer is no, then the time to
get out is NOW. You need to have a
heart-to-heart with yourself and take
inventory of what you really want in
life, and how you propose to get it.
The only vehicle that I found that
meets all these criteria is an Internet
business. The Internet has brought
me fortune and fame. I would not
have made my F.U. Money so fast
without the Internet. So if you haven’t
started a business yet, you should
seriously consider starting an Internet
-based business NOW. Do it in your
spare time if you have to. Once your
Internet business is generating
twice as much income as your current
job, you can quit your current job if you
want to.
Or, if you have a business, but it’s not
currently Internet-based, you have
two choices. One: transition that
business from off line to online as
much as possible. Use the Internet to
stream line your operation, attract new customers, or outsource difficult and
tedious tasks, etc. Or, two: get out of
the business you’re in and start an
Internet business. It’s that simple.
This may sound harsh, but again let me
remind you—if you ever intend to make
your F.U. Money, you must first put
yourself in a position to do so.
》Next 》 click
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