As you scan every word of this article you will begin to discover new ways of creating indestructible wealth.
These are the same principles Dan Lok, a millionaire mentor, international best selling author and speaker pioneered and used to go from nothing to create an 8 figure empire and run 21 companies.
There`s one major lesson to be learned from this wise man`s teaching today and is that...
Before telling you what that is, let me just ask you this question:
Ever wonder why so many people never reach their financial goals?
No... it isn`t because of the economy, tricky customers, lack of what some call "luck" or a certain bad investment. In fact, using these strategies will almost guarantee you won`t get affected by all of the outsiders mentioned.
The Wealth Triangle is a simple concept you can easily and quickly understand. It is formed by three pieces, one on each side of the triangle, it`s a formula for creating massive and indestructible wealth. Still skeptical?
Let`s crack the nut and unveil the powerful formula...
#1 High Income Skill
Dan defines a high income skill as the building block of the triangle. It is something that as the potential to make you at least $100 000 a year. These skills include abilities such as copywriting, online marketing, sales, consulting or fitness instruction. At this point, you`re trading hours for high dollars, trading your expertise for a monetary return.
I didn`t say high income job, did I?
The difference is that the amount of income you generate from a job is controlled by a manager or a boss. And here`s why it get`s interesting...
The income generated from your skill is determined by the value you bring to the marketplace. In other words, you can control the amount you make every month because your worth as a professional is dictated by the marketplace.
Guess what... when you have a skill, you`re not capped. As long as you keep investing in yourself the chances of you making more money increases.
#2 Scalable Business
What`s the point of having a scalable business on top of your high income skill?
Accordingly, to Dan Lok, the skill gives you the comfort to have a consistent flow of money coming in that you can control and use to invest in the business.
Let me give you an example.
Let`s say you work as a marketing manager. You can take that skill and apply the knowledge and experience in that field to start a marketing related business.
But, any business?
No. A scalable business, something with a certain level of automation such as an internet type business, something that gives you the ability to operate part-time and reach a global audience.
A restaurant is not a good example...
Because every time you want to grow the business, you need to open another location, hire more people and deal with all the costs of having multiple infrastructures.
It`s what Dan calls "stacking on your success." You have a solid base of knowledge and you use it to build a scalable business in your spare time.
Don’t just work hard, work hard at working smart.
#3 High Return Investment
This is not what you`re thinking... high return, what does that mean?
I`m not talking about losing money either. This is simply an investment that gives you a minimum of 10% return year after year.
You and I know that most people don`t even know what to invest in, right?
That`s the problem. Actually, there are two main problems...
In a nutshell, the first is investing too little and expect a big return. The second and most dangerous is investing in something you don`t understand or control.
Dan says there are not dangerous investments, there are only dangerous investors.
At this point, you want to look for help from a professional or doing your own research about what investment suits your situation.
The Road To A Wealthier You
Now, you could assume that in order to create wealth, you need to have all the pieces of the triangle. Dan tells you otherwise. Let me explain.
Imagine that you only have a high income skill at the moment. You can do very well saving a certain percentage of your income and parking it on a high return investment only.
Another situation that could happen is taking the income generated by the business and put in a percentage on a high return investment.
Let`s keep it real here... not everybody is cut out to have a scalable business. It`s ok. What this wealth triangle teaches you is that there`s a lot of opportunities when it comes to creating financial success.
The ideal scenario would be operating with all the three pieces in order to maximize your earning ability, being the ideal process the following:
You making you money with the high-income skill, running your scalable business in your spare time and parking part of the profits from the business into a high return investment.
Obviously, everyone has different goals so the strategy to create wealth will be different from person to person.
Leverage yourself! Find as many ways as you can to make money without your direct control.
If you`re still there, you`re probably wondering about that one lesson I mentioned in the beginning...
Have you noticed yet that it all starts with the powerful act of investing in yourself?
That`s it. From making yourself more valuable in the marketplace to having the ability to build a successful business and knowing exactly what kind of investments suits you best, it all comes down to your personal growth.
The great Warren Buffet says:
"Generally speaking, investing in yourself is the best thing you can do. Anything that improves your own talents; nobody can tax it or take it away from you.
They can run up huge deficits and the dollar can become worth far less. You can have all kinds of things happen.
But if you’ve got talent yourself, and you’ve maximized your talent, you’ve got a tremendous asset that can return ten-fold."
Wouldn't it be amazing if no matter the economy or your company`s policies you could still be able to support yourself and your family?
That happens when you take yourself seriously and don`t rely on luck, as Dan Lok states in his controversial book F.U. Money.
He says in the book that investing in yourself is the smartest decision you can ever make.
You have the control and the ability to create what you want, knowing that there`s simply no limit to what you can achieve.
As you can see, creating financial success starts when you master the wealth triangle... it starts when you make the decision to improve yourself and perform at a higher level.
Hope you found this information helpful, please don`t be a spectator, take action on what you`ve learned and I wish you much success in your journey to creating the life you want.
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