How To Create Wealth & Personal Freedom Starting With Less Than $50,000
Nov 28, 2017
It takes money to make money, with rare exception.
Most good investments require a minimum investment of $50,000.
So what can you do to get ahead financially when you don' have $50,000 to invest yet?
I like to think of this with the farmer's model of wealth:
- Step 1: Get Some Seeds
- Step 2: Plant Your Seeds & Get Them Growing
- Step 3: Harvest Your Crop & Replant New Crops
- Step 4: Repeat
The seeds in Step 1 is $50,000 to invest.
If you don't have seeds, you need to get some.
There are 3 ways to get seeds:
- Work a job to get a salary.
- Work a job to get commissions or performance-based income you can control.
- Start a business.
Method #1—The Salaried Job—used to be the safest bet, but these days it's the riskiest bet. That's because the world is changing so fast now, long-term careers are uncommon and they don't pay as well as they used to.
Method #2—The Sales Job—can work well if you have a great product to sell and hungry buyers who want to...