Create Multiple Streams of Income with 3 Big Mountains of Money
Posted On May 6, 2021
There are three great mountains of financial freedom. Each mountain is unique and different from the others. However, each mountain can become extremely important to your long-term financial success. Investing in the entire mountain range will provide you with the security of diversification and constant exposure to the best opportunities.
From each of these mountains of money flow separate streams of income, 10 to be exact. The goal is for several streams from each mountain of money to flow into the reservoir of your accumulated prosperity. These are not just ordinary income streams, they have gone through the money tree formula. You want streams of income flowing into your life 24 hours a day, even while you sleep.
THE MOUNTAIN REAL ESTATE
This is a tremendously important part of your lifelong financial freedom plan. There are hundreds of books on how to make money in real estate. I should know. I have written three of them. Each of these books is packed with dozens of strategies, techniques, and tips. If you want to be successful in real estate investing, remember this …
You need to know how to FIND properties on sale, how to FINANCE those properties, and then how to grow them, or reap the profits from each deal. In your own city there are thousands of properties for sale, however, you can eliminate 99 percent of them from consideration by first determining which of them are the best deals. Then you can worry about the funds needed to acquire them. Then you decide whether to keep them for long-term profit or trade them for short-term profit. It may seem overly simplified, but that’s the world of real estate investing in a nutshell. Find them. Finance it. Cultivate it.
THE INVESTMENT MOUNTAIN
The same goes for the mountain of investments. There are more than $ 10,000 individual stocks in the stock market and almost the same number of mutual funds. Like real estate, there is a formula that I use to filter these stocks. Here is what you need to know.
Screening and filtering
Using simple and understandable filters, you can sift through market gravel and discover a nugget or two. With the power of inexpensive tools, you can know exactly when to buy and when to sell. The results will amaze you.
THE MARKETING MOUNTAIN
There are literally tens of thousands of “deals” floating around out there. So how do you select the right business opportunity for you? Again, you use the money tree formula to filter out all the opportunities and then you can start narrowing them down even further. You must find an opportunity that you are passionate about.
I did some evaluations myself and found 4 business fields that have the potential to generate untold amounts of income.
The fundamental activity behind all of them is marketing. That’s why I call it the marketing mountain. Whether you’re selling ideas, a service, or a product, nothing happens without marketing. Even the best books languish in a dusty garage with no marketing. Without marketing, your website is nothing more than a multimedia billboard in a corner of your basement. So it is extremely important to learn to market, because whoever markets the best wins. And we all want our businesses to win.
So what mountain of money do you want to climb? I wish all of them .. Right? Each mountain requires a unique set of skills, and it is important to develop these skills so that you can use them when needed.