So, I’ve been tinkering with an idea that I’m sure many successful do already.
I know that they do because I read it in a lot of books.
However, while I understood the concept, I wasn’t sure how to apply it to me and my situation.
I’ll get to the actual concept in a minute, but first let me tell you about the “ah-ha” moment I had.
I was just getting out of the shower, and I realized 2 things
- the bathroom seems to always be the place where I end up doing my deepest thinking…either in the shower or…you know
- if I just out in X into this investment, I can pay for the bathroom remodel
That’s when I was like “ooooohh! That’s what they mean!”
“They” are the wealthy and successful people, like Robert Kiyosaki, Dan Lok, and countless others.
They tell you to use your investments to purchase things that are “important” or “fun”
This can be for a house, car, or some random do-dad or widget. (all of these are a liability)
Real talk, saving money is stupid when you are able to invest it instead.
With a proper investment, the money will work for you…even while you sleep!
Now, how is that done?
Well, let me give you an example.
As you know, I invest in land, and I often investments often give back a minimum 300% returns.
So, if I start with $100, and get $300. (i would prob get back much more than $300 if I bought a land parcel for $100, but for this example, we will go with it)
So, after I get my $300 – any expenses to do the land deal, I can take that same money and use it to buy more land.
I can buy at least 2 more lots at $100 a piece OR buy something that’s worth around $200 (leave the rest for the new expenses for selling the new lots)
Now, after those 2 sell, I have a total of $600.
Buy more land, sell it…wash rinse repeat.
I can then stop when I get to the amount I need…so I essentially paid for a bathroom remodel for $100!
For others, they may purchase a rental property, and get that passive income every month, and let it add up that way (or you can invest that into something else, its same thing)
Maybe its the stock market, and you are an aggressive trader?
Maybe its buying ad space, so you can advertise your product or a product you are an affiliate for?
Are you starting to get the idea?
When you start to break things down like that, you see how powerful this concept is!
Not only is it great for motivation, but it also helps keep things in perspective.
That means, everything you buy wont put you in the hole no matter what. Its all paid for, and not from your primary income, but your “free money” that your investment is “giving” you.
This means, you can have the fun, and not worry about how your bills are paid.
So, ponder this for a while…and if you want to learn more about land investing so you too can get a minimum of 300% returns like me