Many of the principles I live by are Rich Dad principles. That book series changed my life. One principle that I struggled grasping but am now running with is the concept that assets buy your luxuries. For the longest time I didn’t grasp this until I saw the owner of our firm purchase a beach front multi million dollar property on a 1031 exchange from a piece of land he acquired as an investment. It blew me away to see someone acquire something they wanted through an investment and not their high income and debt. This blog will cover a few principles I believe will help you live a wealthy life and not just look like you live a wealthy life.
Assets will fund the life you could never achieve out of working income.
Face it, you only get so many hours in a day and so many days in a year. You only have so many years to live. If you attach your lifestyle to your working income you will work until you die.
Also, if you attach your lifestyle to your working income you can only live at the level that another person decides you can live. Your boss becomes your daddy #tweetlikedame
Assets create massive windfalls of unearned income that come effortlessly. They come without you working. The rich don’t work for money. When you see those expensive items and break it down into hours you are living wrong. The wealthy teach their kids to acquire and then use the cash from that acquisition to consume at a high level.
When you invest at a high level you can consume at a high level
I don’t know why my second points always hit harder but number two could have been number one to me. I believe that we have to get away from the idea that our source of income is our actual source. Instead the source of income should just be the seed to acquire an actual independent source.
There are certain levels of income that your little 100k job wont ever get you. And lets be honest, only 5% of black house holds earn 100k or more. A large percentage of that 5% are immigrants. So that means 95% of us earn less than 100k (don’t let Instagram find out).
I have seen my investments pay for things that would have taken me months to save up the money for. I have made more in one day trading the stock market than I make working for two weeks. Investing at a high level allows you to make big money on small blips. Small blips are a lot easier to pick up than those home runs everyone is swinging for.
What we need to continue doing is making money permanent and then churning that permanent money as a source of income.. that is what I do.
Betting on a job is riskier than betting on an investment
If your house, car and retirement are banking on a job you are in trouble. This is because a job is not a reliable source of income. As an employee you are the means to your employers end. Nothing more. Your goals and dreams get met on their time with their dime. You are effectively a slave.
I saw a post before that spoke to slavery. The quote said that as slaves they gave you free housing, free food, free clothing and free medical care, in return for free labor. Now, we get paid for labor and we pay for housing, clothing, and medical care. The system is the same we just disguised it.
Don’t get me wrong, I am all for employment and work. However, we must hustle and create flows above and beyond the 9-5. An example of this is our CFO. Our CFO is Asian and drives an S class coupe. The director is Caucasian and drives a CLK. The Asian guy is a stakeholder in different properties and businesses that allow him to earn income well in excess of the job and give him a higher lifestyle. The Caucasian dude is praying he never gets fired so he can keep his CLK.
When you are free you work because you want to and you look at your job differently
On the days where I made more in a day than I make working at my job in two weeks I was walking around like the man. You couldn’t tell me nothing. I took their comments in stride I was above their ‘micro aggressions’. This is the life we all need to be living. Not a lifestyle where our entire existence depends on them liking us. Not a lifestyle where our vacations and luxuries are dependent on their raises. That isn’t freedom. If you want a raise go get your own raise. If you want to pay off your home, don’t work over time, go overtime on your business and use that massive business income to pay off your debt. Assets buy luxuries, assets buy freedom.
If you are interested in investing with our club on either the crypto or real estate side we would be happy to welcome you into the partnership. Email universalhustleaffiliato@gmail.com to join us today.
Thanks for reading!
Be great, invest well,
Tony Trillions.