I grew up in a Jewish Orthodox home
“Money” in our home, was considered a dirty word.
My parents had 8 children.
My dad worked very hard.
Mama raised us and didn’t work out of the home.
When I needed money, I was afraid to ask for it.
because I just knew they would simply say, “no”.
I realized the difficulties to the extent
that I even felt guilty asking for it.
I realized very quickly that if I needed money
I’d have to earn it.
And from a very young age, I have been working for a living.
I always dreamt of getting rich
and making big money.
I didn’t want my children to have the same standard of living I had.
I didn’t want them to be afraid to talk to me about money
I wanted to have the opportunity to give them everything I didn’t have.
And I looked for a way to accomplish this.
So I attended courses, workshops and tutorials all over the world.
I read books on consciousness, riches and money
such as Rich Dad Poor Dad,
Think and Grow Rich
In one of these books I came across this statement:
” An Average Millionaire Has 7 Income streams” – Warren Buffett.
How do you even think about 7 income streams?
How do you feel with 7 income streams?
Ever since I have realized that this was my life’s goal.
It took me something like 5 years to understand what the old man was talking about,
and today I have 13 income streams.
And all I do is instruct business owners
to adopt this statement as their life’s goal.
So how do you do it?
Let me shorten your path by following these 3 steps:
1- Maintain a Clear Objective (Focus on a single income stream at a time)
2- Focus intensely on your objective.
3- Strive for Excellence
These probably sound like the big words
that all mentors say
and are very difficult to implement.
But before we dive into what they mean
I would like to expand on the reasoning behind this.
The coronavirus period is a difficult time for the world.
We have lost quite a few people worldwide,
but the very fact that there is a coronavirus in 2020
shows all of us and especially the businesspeople
that future stability cannot be relied on;
that no family has the privilege of living with one or two profit channels alone
especially in business and especially as a business owner
Do you follow?
Do you understand what would happen to your life if you had 7 income streams?
Do you realize you wouldn’t have to worry?
You wouldn’t be afraid?
You feel how much you’d genuinely like it…
Think about what would happen in your life if you were to begin a month with $25,000 in passive income before you even started working…
What would happen to your life with 40,000 ILS in passive income???
Are you starting to get the feel of it?
Now target this as the goal of your life.
Create 7 channels of profit.
This period can be the worst time for your business
or – your opportunity to ride the wave and create profit channels and business economic anchors.
Moreover – it may turn into the best period of your business.
Follow the 7 streams of income rule
And replicate it to…
Your business situation must be:
1- Create 7 streams of income
2- 7 channels of sales
3- 7 marketing streams
And once you develop it you can create a company that rolls hundreds of thousands of dollars a month
And through the company operating digitally, you have the opportunity to create products that will become passive assets that work for you over an extended period;
more passive than real estate,
and more passive than the capital market.
I witness that this happen to me
And if it works for me, there’s no reason in the world it wouldn’t work for you.
Do you know what is said about business?
For a company to be stable – no coronavirus in the world would damage it.
The number one rule is to produce systems that work even when the world is shut down and people are working from home for a month.
This indicates the shelf life of a business, a company.
So how much shelf life does your business have?