Temporary Vs. Permanent Income
What does it take to become financially free, or financially successful? What does that even mean anyway?
Let’s talk about the two different types of income: Temporary and Permanent.
You can make money in this country in one of four ways: Employee, Self-Employed, Business Owner, Investor.
TempPerm
EmployeeBusiness Owner
Self-EmployedInvestor
The left column contains TEMPORARY INCOME types. In other words, if you have a job (employee) or work for yourself (self-employed) and you stop working for a day, a week, a month, or a year, the income stops. Your money making gauge goes to “E” for empty. Financial Freedom
The right column contains PERMANENT INCOME types. With permanent income, you work and make money and YOU MAKE MONEY WHEN YOU DON’T WORK too! A business owner owns a business or businesses that generate income. An investor uses their accumulated capital to generate interest, dividends, etc. For this example, I’m going to target owning a business. Financial Freedom
Ask people which type of income they would choose to have and everyone will say permanent! But – 95% of the people in this country have temporary income.
Even if you own a business, you may not have permanent income. If the business owns you, it does not work: you’ve only created a job for yourself. If you own a business and spend every waking minute working in that business, the business owns you: you’ve only created a job for yourself. If you don’t have time for your family, your health, or to enjoy living, then the business owns you: you’ve only created a job for yourself. To achieve financial freedom and success, YOU must OWN the business.
A business owner who owns their business creates systems so that he or she can work in and on their business when they want or need to, but can walk away and live and enjoy their life when they want to. Because the business is not dependant on them to run, they can duplicate this process over and over and generate massive amounts of income. This is financial freedom.
What would financial freedom mean to you? What would it mean and how would your life be different if you didn’t have to worry about making a few bucks everyday just to pay the bills. Just to keep your head slightly above the waterline. What would you do with your life?
95% of the people in this country have temporary income because it’s what’s expected and engrained in us. We’re taught from a young age to go to school, make good grades, and get a good job. The first two are good things to do – go to school and make good grades, but the third creates temporary income. Wouldn’t it be better to teach people how to create financial freedom?
Only 5% of the population get’s it and can teach how to achieve it! You might understand some the parts and pieces, but putting it together takes a plan. Imagine going to the lumber or homebuilder store and ordering a huge truckload of 2x4s, brick, shingles, windows, plywood, paint, nails, etc. and having it delivered to a vacant lot. Imagine grabbing your hammer and saw and just getting crazy hammering and sawing and putting things together. You could work for months and never build anything. Why, because you left out the blueprint. You forgot that you need a detailed, proven plan to create something. That’s what we do at NAA. We build leaders. We have a proven system that you can follow like a blueprint to create permanent income. Grab your hammer and check us out!
Andy Albright
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