3 Secrets to Getting Rich, Being Rich and Staying Rich

Part One - The 3 Secrets 3 Secrets to Getting Rich, Being Rich and Staying Rich

3 Hidden, Simple Life Hacks That Will Vault You Into The 1%

This plan is all about showing you a way to make all the money you need,
to do all those things you want to do.

You have been lied to.

You have been deceived.

You have been misled.

The rich are getting richer.

What about you?

This plan you are about to read is the first 100% "get-it-done" plan that will reveal the real secrets to getting rich, being rich and staying rich. And why you are not.

I'm sure you know, at some level, that there are some secrets the rich have kept from you. Most people say, "No, that's not true, they are just lucky." But if you're like me, you've had this sneaky suspicion that there is something you don’t know, that the people who are getting rich do know – and they aren’t sharing it with you.

You’re right.

There are secrets to getting, being and staying rich and you are about to learn them here.

There are only 3 Secrets.

I reveal all three here in this plan. By the time you finish reading this, if you follow this plan to the letter, commit to it 100% with all your heart, soul and mind and let nothing and no one get in your way – especially your family, friends and co-workers, then this plan will work, you will get rich, you will be rich and you will stay rich.

How can I be so sure?

I am 100% certain this plan will work. How do I know this? Because I have used these same principles with some of the biggest and best companies in America (which weren’t so big or good when I began working with them) and with people who saw their net worth double every year they used this plan.

You are about to unlock the secrets of why you are not rich and why some people are. I have harnessed these principles to turn several smaller companies into Huge companies – whose names you know, if I were to mention them.

As you study every word of this book, you’ll be stunned at what you learn. By the time you finish reading this report you’ll know the secrets that have been hidden away from the “have-not’s” and kept secret by the “haves.”

You are about to become one of the “haves.”

Let's begin.

Phase One

Success Rate

This is important. Internet regulations and Federal Trade Commission (FTC) guidelines require that every online opportunity must provide you with their actual success rate of people who have used the material.

100%

This plan has a 100% success rate for every person who has followed this plan to the letter, committed to it with all their heart, soul and mind, done everything it says to do and do not allow anyone to stop them or derail them from following this plan.

100%

I don't know of any other plan or online opportunity or even any franchise that can make such a claim, not even McDonald's (R).

What happens if you skip a portion? What about if you allow people to cause you to doubt this plan? What if their fears cause you to question this? What is the result if you don't follow this plan absolutely to the letter? Failure! 100% failure.

Look. I've done my homework; I've paid my dues. I'm not some online guru, some seminar/webinar guy or woman or some coach that is trying to sell you some plan that is guaranteed to make $1,000 a day from home and is telling you that “all you have to do is buy my program for $497 and then purchase the upsell for $997 and the pro membership for $2,997 and $197 a month." And then it doesn't work!

Nope. That's not me. I won't do that to you.

What I'm giving you - and what this plan is - is the best, easiest and most simple (is that correct grammar?) way to get rich that there is. HANDS DOWN.

If you want to make a million dollars, just scale this plan.

(Or, skip ahead to page 311 for a Step-by-Step plan.)

What you are now reading is a set of action steps, secrets and principles that will make you all the money you want to make - so you can do the things you want to do - ALL of them.

They aren't difficult, they aren't hard to learn, a sixth grader could do them - you just have to do them.

No, you won't get rich tomorrow, not even in a few months. But in a few months, you'll be well on the way. Just stick with this plan and you'll get there.

Yes, this plan is hard, but only in the sense that you have to stay at it and keep doing it and you have to do stuff that will most likely be Waaay out of your comfort zone.

Yeah, I get it. This isn't easy, it's hard, but what they say is the truth, "if it was easy, everyone would do it."

I can't guarantee you will succeed, but I can guarantee this plan works if you do it - all of it. I will also guarantee that you'll have days when you want to quit, when everything you've done, all the hard work - it all seems to have gone to $#!^ and all you want to do is quit.

Or

If you've been working this plan. Working it. Working it and working it, and just nothing seems to be happening - and you say, "What the!?" and throwing in the towel is what you want to do...

Don't do it - keep going.

Don't be the one who doesn't follow through with this plan. You want to get rich; you don't want to stay stuck in the mediocrity of poverty. You don't want all your tomorrows to be just like your today.

This plan works if you do it, it fails if you do not do it.

3 Secrets to Getting Rich, Being Rich and Staying Rich

The Coronavirus Prophecy

The Coronavirus is a national and worldwide "timeout" sent to us by God.

Our work, sports, entertainment, movie theaters, bars and eat-in restaurants have all been shut down and closed.

This has happened to give us a chance to forget about our idols and to:

1. Focus on God, your relationship to God
2. Rebuild and reconnect with our families and create good memories with them
3. To serve our neighbors
4. Not to hoard, not to be scared or panic and to be good stewards of the bounty of a great nation that God has given us.

Food will be delivered on time, toiletries will be delivered on time and other products will be delivered to the stores on time.

All those things you need will be delivered to the stores on time and in the quantities needed.

You may not get what you want, but you will get what you need.

If people stop panicking, there would be plenty to go around.

God has given us the 10 Commandments.

That's a good starting point.

Two additional commandments are

1. To love the Lord your God with all your heart, with all your soul and with all your mind, and,
2. To love your neighbor as yourself.

God is asking us to turn away from all sin and from all the idols: online sports, video games and entertainment such as Netflix, Hulu, Prime Video and HBO Now etc.

He is asking us to set aside shopping online. Stop buying things on Amazon, eBay, Wish or a million other sites.

Do this just for now, just for the time being, just for this time out, then go back to watching and buying those things online again as you feel is necessary.

Obey the rules and guidelines the government has given you for this time for these are from God.

We are all children of God. God sent His Only Begotten Son Jesus to die for us.

The blood of Jesus has washed us clean of our sins if we only accept this free gift as it was given.

God is asking us right now to accept His gift and set aside our sins and idols (and an idol is anything that interferes with or supercedes our relationship to God), and focus on following the 10 Commandments + 2 + 1 - Love all as God loves you.

And remember, you are worthy of being loved.

Cook your own food from fresh, unprocessed food or order for delivery from those restaurants in your area. Avoid fast foods and greasy foods.

Honor your soul, honor your body, honor your spirit.

You honor your body by treating it with care and respect. Keep it clean. Wear clean, fresh clothes. Groom daily.

Honor your body where possible by getting outdoors and walking or by yoga, meditation, reading, working out or exercise, or by any other means that honors the body and does not dishonor God.

God is asking us to come to Him, to fight through every obstacle in our lives - our money, our work, our careers, sports, entertainment, gambling, sex, alcohol, drugs or crime - to set all these aside - and find Him.

We are not to judge between each other. That is God's job which He has given to His Son Jesus to administer.

Our job is to love all equally, not to judge, not to call another a sinner, because we all are sinners.

We are to love all equally, treat all equally and set aside our politics, our hatreds and divisions, our religions and denominations, our beliefs and our rights and wrongs and simply honor each other equally as God does and as we honor God.

From now on, and after this moment of travail has passed, focus not on your work, your career, politics, money or wealth or stock, your home or other possessions.

Focus on God.

Focus on God and on being a good steward of those things He has given you.

Focus on doing what is right.

Open your Bible and read it, pray to God and listen, ask questions, seek to hear His voice, then do what He says. And what He says will never contradict the 10 Commandments + 2 + 1.

God wants us to do good to one another, to help one another, to love one another.

He wants us to store up treasures in heaven by honoring each other and by honoring ourselves.

Your body is God's temple and home, treat it as such. Treat others the same way.

Finally, God says if we do all these things the coronavirus will disappear and life will return to normal quickly.

If we do not do these things, judgment will come quickly.

God says; "Go, and sin no more."

Love yourself as God loves you.

You are worthy of being loved.

Love your neighbors; all men, all women, are your neighbors, regardless of their sexual identity or their sexual orientation.

Such things are God's business, not yours.

Obey the 10 Commandments + 2 + 1 (Love all equally), and honor your body.

Open your Bible, read it, pray, communicate with your family and friends, go online to do this as necessary, repent of your sins, ask Jesus into your heart and love yourself as God loves you.

Commit all your sins, worries, fears, concerns, hatreds and angers and bad memories to the Lord Jesus. Forgive all those who have done you wrong.

Jesus heals, He can and will heal you.

Be at peace, for all is well in the Lord.

A Plan of Action for Hong Kong

1. People must find and accept the One True God and Jesus. God will confirm you have found Him with signs and wonders and possible miracles. If these do not occur, you haven't found Him.

Victory without this step is likely impossible, with this step it is possible.

2. The people must obtain weapons, unless you seek to do this without weapons; most likely not possible.

3. Simultaneously, the following actions must occur.

• a. Access to Hong Kong from China must be destroyed. Roads, bridges and railways, all access must be destroyed.
• b. The people must seize and control Chek Lap Kok airport and destroy any incoming Chinese aircraft attempting to land.
• c. Police and garrison troops/forces must be neutralized or arrested.

4. Government buildings and facilities must be seized and remain in control of the People.

5. The People must fight with the weapons they are provided taken from local armories, facilities and police. Other weapons must be acquired or made providing as many of the People as possible with a weapon. People who choose not to fight with a weapon must be willing to die for the cause, they must be willing to pay the price of liberty with their blood.

6. Some other world nation, state or force must ally itself with the People.

7. At least 1 TV/radio/cable TV station must be taken and used to report 24/7 on actions and events.

8. Several streaming internet podcasts must be created and continue non-stop.

9. Defense in Depth - you must restrict access to Hong Kong and ease of movement within Hong Kong by the PLA to the greatest extent possible. Cars, trucks, buses, barriers must be emplaced in groups of wall-to-wall vehicles & barriers - all touching and/or piled on top of each other for distances of no less than 100 meters. These must be raised at all strategic access points, all intersections, all overpasses and underpasses, from building to building across the streets - as much and as many as possible. These barriers can also serve as a fighting withdrawal cover for the People while the People regroup to drive the PLA out.

10. "Blanket brigades" must be created. These are People carrying blankets soaked in incendiary fluids. Throw the blankets over all PLA vehicles, tanks and armored vehicles. Use Molotov cocktails to set the blankets ablaze.

11. "Sniper nests" must be created on as many rooftops and from the windows of high rise buildings as you have People willing to assume this role. Accuracy is not important, they just need to lay down fire to delay and confuse the PLA. Closer ranged, armed People will take the kill shot. Any effective fire from the "sniper nest" should be considered a bonus. Molotov cocktails can also be used if weapons are in short supply.

12. Use walkie-talkies, cell phones and optical means such as flags, mirrors, electric torches, toy lasers and hand waves to coordinate movements, positioning and effective action of the People.

13. Don't overlook the potential utility of non-firearms weapons such as crossbows, bows and arrows, slingshots (the whirling David/Goliath kind), catapults, ballista and similar, barrels of gasoline or other incendiary fluid.

14. Stockpile as much food, water and medical supplies beforehand. Also stockpile clothing and footwear. Disperse, use and consume as needed. Use bicycle helmets to protect your head from debris.

15. Small lasers may be effective in temporarily blinding incoming PLA forces allowing the People to take action.

16. Smoke, flash-bangs, pepper spray and tear gas will be used against you. Obtain and create as many gas masks as possible.

17. Stream and podcast as many casualties you sustain as possible, blood makes news. Also stream and podcast all effective battles by the People.

18. Expect attack from air and sea, take precautions - mostly just spotters to report incoming.

19. You cannot win a prolonged battle. Find a way to victory as soon as possible. Make outrageous demands and then accept the halfway point. Once you begin, you cannot stop until you win or you die.

20. Victory will be difficult at best unless you allow the One True God - not the Catholic god - to carry the battle. Even then it will be difficult at best unless God intercedes in a big way - which He can do and has done in the past.Ask Jesus for help. Find an effective evangelical preacher to reach you and bring you to God. Without Him, I do not believe you will win. Sorry.

I will study maps and attempt to come up with a better, more effective solution.

Seeking $100 Million for Private Equity Real Estate

Equipped with world class leadership and portfolio diversity, private equity trust Kearsedge Boston seeks $100M funding round in Q1 of 2018. Contact us now for details or check out our website at www.kearsedgeboston.com.

Ever Wake Up Being Attacked by Life?

Do you ever wake up and life seems to ATTACK you?

The kids are demanding everything possible…

The dogs are barking…

Your boss is texting (everything’s URGENT right?)

Well I have a quick “cheat” to fix this.

It’s simple, and when I do it, nobody even notices.

The results?

Clarity and control over all these “attention attacks”

=> Watch how to do it here http://www.empowernetwork.com/dailyshow/Episode-195-Rising-up-above-it-ft-William-Wood?id=5992105

See you inside,

Perry

P.S. Did you know every Tuesday night we hold a private, member’s only event where we focus on ONE topic to take your business and life to the next level?

It’s called the Next Level Mastermind, and if you’re a member, you already have access.

If you’re not, go through today’s Daily Shortcut, access the bonus content, and get access to our community.

=> Watch today’s episode, HERE

The Evolution of Naval Warfare: The Next 50 Years

The First Iteration

The first iteration of future naval warfare will be a continuation of current trends and procurements, extension of current capabilities and expansion of the fleet along current conventional naval force structure and infrastructure. We can consider this as "the day after tomorrow."

This first iteration will begin the integration of all arms and services into a combined operations scheme commanded by a theater commander; a flag officer whether general or admiral, who has cross-interservice experience and ideally has as a junior officer, crossed from one service to another or as a senior or flag officer has been an observor at exercises and operations of another service.

The fleet will have increased to 12 supercarriers, 14 amphibious assault carriers in whatever configuration, (LPD, LHD, etc), an increase of from 4 to 8 submarines, increase of from 2 to 5 littoral warfare ships (with increased lethality and survivability), an increase of 5 destroyers, recommissioning of 3 to 5 cruisers and recommissioning of 12 to 15 frigates and an increase of 8 to 12 support vessels.

In a conflict, the theater commander will oversee a combined arms, combined service operation. The Navy will not function independently. Rather, Air Force and space assets will provide surveillance, targeting, damage assessment and communications, Army and Marine units on the ground will occupy forward areas to provide artillery and missile support, help protect shore facilities and coastlines and target nearby ships and vessels with artillery and missiles while also providing air defense. Air Force assets will provide ground and air surveillance, communications and air control and support deconfliction and attack naval targets while maintaining its traditional role.

Functional commands will include space assets, cybernetic forces, psy/PR/media/social media operations, Special Operations Command (including SEALS, Air Force, Army, Marines) and logistics and Coast Guard.

The conflict will not only be highly congested and highly conflicted, it will also be highly violent. Satellites will provide not only C4ISR, but will also station kinetic energy weapons, possibly as low technology as a 5 meter rod of tungsten steel wrapped in space shuttle heat shielding. The use of the rod upon a target will release energy perhaps as great as that of a Hiroshima bomb.

Special Forces will penetrate far inland to identify, target and assess battle damage against selected targets and may conduct raids, elimination of select leadership or facilities, or neutralization of command centers, logistics nodes (electrical generation, refineries, mines, railroads, roads, bridges, dams, TV and radio stations) and support elements and energy grids.

Kinetic energy weapons will also target cybernetic warfare centers, channels and nodes while cyberforces may affect public media (internet, radio and TV) providing real world or psy op viewpoints of the conflict.

Procurement of truly modular LCS craft will increase. Procurement and training and development of tactics of "Ghost" craft will also begin.

The first iteration will freeze procurement of surface ships larger than destroyer size and begin the procurement of drones and training of swarming tactics and training of all arms, all services integration and drone warfare and training plus the training of an extended and expanded psy op command.

The Second Iteration

The second iteration will see a fleet with no surface ships larger than destroyers other than perhaps 2 to 4 supercarriers, 3 to 5 amphibious assault carriers and 3 to 5 cruisers. Support vessels and diaster relief vessels will number as determined by the national command authority and will be sized and configured as necessary to support their relief and support missions.

Destroyer and frigate sized vessels will begin the transition to drone command and control platforms while continuing some of their current combat capabilities. New classes of destroyers and frigates will begin entering the fleet with a mission of drone command and control and will number approximately 10 to 15 with another 8 to 12 destroyers and frigates in conventional roles and mission configurations and 12 to 20 destroyers and/or frigates in a role of missile platforms.

Littoral combat vessels may number up to 40 and be truly modular with multi-mission roles, with swapouts of modular mission packages shortening to no more than 12 hours. LCS vessels may see a further role of evacuation, insertion of special forces, support of landing operations, disaster relief, logistics support, missile platforms, drone command and control, drone transport and repair, drone munitions tenders, Coast Guard interdiction, fleet support, air defense et al. Newer LCS' will employ greater lethality, greater survivability and greater stealth.

"Ghost" craft will be integrated into the fleet and will number at least 50 with increasing procurement throughout the second iteration. "Ghost" craft will be useful in littoral combat roles, suppression of pirates and swarming tactics by enemy forces, interdiction and surveillance of enemy shipping.

Drones will begin to be refueled in flight by other drones and initiate the era of drone attacks in redundancy from many points of the compass. Air Force fighter drones will complement Naval fighter drones while Army ground support and attack drones support Air Force attack drones. Coast Guard drones will provide interdiction and defense while also providing communications and surveillance of facilities outside the theater of conflict.

The Army role of missile and artillery support will have expanded and Air Force, space, Army and Navy drones will provide targeting and battle assessment; both damage assessment and current battle assessment. Drones in the second iteration may have a multimission function, but these separate missions will be limited to no more than 3 to 5 roles per drone to limit size and cost and increase stealth, survivability and lethality. Drones will integrate various elements of autonomy depending upon the stage of evolution in which they came off the manufacturing train with later evolutions encompassing greater and greater autonomy.

Reducing the size and missions of each drone will increase the size of the manufacturing base of the basic drone body but security regimens surrounding stealth, communications, weapons and software may pose bottle necks in assembly and production if manufacturers cannot meet security requirements.

EMP stealth drones may enter at this iteration with the mission of penetrating enemy air space and generating EMP bursts over enemy facilities and targets. There will also be jamming stealth drones, communications interception stealth drones and mis/disinformation interjection stealth drones.

The submarine force may have increased by a further 2 to 8 boats with mission roles of attack, missile platforms, special forces platforms, mine layers and drone control and command. Submarine drones will include surveillance drones, communications interception, command and control, stealth mine drones and others as determined are necessary to meet fleet missions in the second iteration. Submarine drones will increase in number from the end of the first iteration of 10 to 20 to over 100 by the end of the second iteration.

Officers at all levels will have interservice experience and service with allied and friendly forces.

The battle space in the second iteration will, if anything, be more congested, more conflicted and more violent and may extend into other dimensions - public media, education, domestic infrastructure, quantum physics, alliances and public and world opinion. Electronic warfare drones will be essential to effective management and prosecution of the conflict and will include electronic warfare drones, electronic counter-warfare drones and electronic counter-counter warfare drones.

The Third Iteration

The fleet is nearly invisible and, in a sense, nearly non-existent as it consists of only 20 or so surface ships of frigate and destroyer size plus about 20 LCS'. A handful of the destroyer/frigates may be missile platforms while the remainder are assigned to the drone operations command. The submarine force has stabilized at about 90 platforms of which at least 20 are dedicated to drone operations. All surface ships and all drones employ a high degree of stealth.

Most missiles are now launched from stealth missile drones. Some Ghost craft are also missile platforms as well as several of the LCS'. Space drones launch kinetic weapons and manuver to target enemy space assets, as well as providing C4ISR to the national command authority.

The battle space consists of surface, submarine, air, ground and space and includes cyber command, space command, alliance management, public opinion management, quantum operations, logistics, infrastructure,

More To Come...

Is It Better to Be Rich or Wealthy?

What is "rich"? How many people would like to be rich?

We all know people that we consider to be rich. We look up to them, we admire them, we aspire to be like them - we want to be them!

The rich have beautiful homes. Their homes are located in the most posh neighborhoods: Boca Raton, Malibu, Beverly Hills, Bel Aire.

The rich drive expensive cars; Porsche, Bugatti, Maserati, Ferrari.

The rich have the finest clothes and attend the most exclusive events; Cannes Film Festival, Milan Fashion Show, Sundance, the Oscars, the Emmys. They appear on Dancing with the Stars and have their own reality shows.

The rich vacation in the most exotic locations; the south of France, Aruba, Cancun, Monaco, Hawaii, the Caribbean, Fiji. They arrive there in private jets whether they borrowed it, leased it or they own it. The truly rich don't fly first class.

The rich are healthy with the best skin because they have the best doctors. They have the most beautiful or handsome significant others.

How do you know when you are rich? You know you're rich when you have a rich neighbor or co-worker or fellow small business owner or golf partner and you have a fatter bank account than they do or you spend more on your extravagant lifestyle.

You know you're rich when you spend more money than someone you think is rich.

And that's a key. Being rich is about spending money. It's about spending money to maintain - or attain - the lifestyle you believe is "rich." Whatever you believe is the amount of money required to live the lifestyle of the rich is the amount of money you must obtain in order to spend it.

Being rich is a lifestyle. It is a series of choices based on a pattern of spending. Anybody can be rich if they spend enough whether they earn it, inherit it, beg it, borrow it or steal it. How you got the money is secondary to having the money.

So what is wealth? Being rich is a state of mind but being wealthy is a statement of fact.

Okay. So what does that mean? From our discussion we have learned that being rich is all about the money you have and the money you spend.

Being rich is having enough money to spend on the lifestyle you desire - it is largely a construct of your mind. The toys, the houses, the clothes, the cars; these are all choices you make to appear rich and feel rich.

Being wealthy is a statement of fact. Wealth is not how much money you spend, it's how much you have and it's how much you own.

Yet being wealthy is much more specific than that: Wealth is the passive income you receive from the assets you own.

We're going to step back a bit. If you had Economics 101, you know there is something called the "Factors of Production." The Factors of Production are the inputs, resources and processes used to produce something. In Classical Economics there are only four Factors of Production: Land, Labor, Capital and Entrepreneurship.

Land includes the natural resources from which the raw material required to make something comes. Labor is the action applied to those resources. Capital is the equipment required to affect change upon those resources and Entrepreneurship is the process of directing the action to produce goods.

If you possessed these Factors of Production and if you worked them, they would generate an income that would support a lifestyle. If you wanted to improve your living standards and live a more affluent lifestyle, all you would have to do is acquire more of the Factors of Production.

Today, modern economists may include intellectual property or may differentiate capital into working capital, fixed capital (the machinery and equipment involved in the production of goods) and financial capital.

For our purposes we are going to rename these and reclassify the Factors of Production as the Factors of Wealth:

1. Real Estate
2. Equipment, Machinery and Tools
3. Intellectual Property
4. Labor
5. Capital

Real estate includes not only natural resources but also the structures, factories and other buildings built on the land.

Intellectual property includes copyrights, patents and processes that you can license.

Labor is the action applied to the inputs that produce goods and services and Capital we restrict to Financial Capital.

In and of themselves, these factors - or assets - are worthless. In order to produce worth; in order to produce wealth, these factors must be acted upon and that is where the Factor of Labor comes in.

Not only must we act on these assets but we must also sell the goods and services produced. Whatever you are able to sell at a profit is your income. It is easy to acquire more income, you simply acquire more assets that can be worked.

The secret of wealth is this: Acquire more assets and sell more products to more people.

Whereas rich is directly tied to the state of your money and is dependent upon the vagaries of the market, wealth is only indirectly tied to the booms and busts of the business cycle.

If you own a lot of assets like factories, office buildings and warehouses then your income will be more directly related to market cycles than assets like apartment buildings, offices leased to the government, medical facilities and insurance companies.

Other assets are also less exposed to market fluctuations; copyrights, equipment you lease out for commodity transportation, licenses, timber rights and certain natural resources, among others.

Riches are very shortsighted looking at only what you can spend today. Wealth takes the long view; what can you acquire today to produce more passive income tomorrow? Rich is tactical. Wealth is strategic.

People will always need to eat so you may want to invest in agricultural assets, including cattle ranches. Vineyards may be a good investment. It is unfortunate, but wars and hostilities between nations and peoples will most likely increase over time so investing in defense industries and shipyards may also be good investments.

Regardless of what happens in the 'real world," governments will only grow making investments in facilities and residential assets that you rent to federal and state governments a possible favorable asset sector to own.

All the products that people require on a regular basis need to be moved from where they are produced to where they are consumed suggesting that trains, freight companies, cargo companies and trucking firms may prove a viable investment.

As the population ages, more and more people will require healthcare and the pharmaceuticals to maintain their health. Investing in hospitals, health care facilities and pharmaceuticals could be a lucrative means of building wealth.

In every asset purchase you consider, you must perform due diligence with that asset to assess its profit potential and its exposure to taxes and liabilities, law suits and insurance claims.

Due diligence is the process of obtaining the facts about an investment required to make a reasonable assessment about the value, worth and potential cash flow of that asset.

Our definition of wealth hinges upon income or cash flow. So if you find what sounds like a great investment such as a factory selling for 10 cents on the dollar that produces canned beans, that sounds like a great investment until you discover that the factory is losing a million dollars a year and has liabilities that it will never be able to repay. Instead of bringing you money each month, it's costing you money each month. As Robert Kiyosaki, author of the "Rich Dad" series of books noted, such an investment is not an asset, it is a liability.

Robert's definition of an asset is anything that puts money into your pocket on a periodic basis while a liability does just the opposite - it takes money away from you.

That's a great definition because it focuses like a laser on the key principle of wealth - an asset that produces income.

Is it better to be rich or wealthy?

If you focus on being rich, your riches fluctuate with how the economy moves. Many "rich" people are living in a state that is precariously close to being broke. Many rich people have borrowed their way to the lifestyle they enjoy with debt far above their means. They risk losing everything they have chasing the phantom of being "rich."

Those who are wealthy can choose to be "rich" or not. They have the option of choosing the flashy lifestyle or they can choose a more conservative lifestyle.

If you choose wealth, the choice of lifestyle is an option you have. You can choose to use a portion of your income to finance a lifestyle of the "rich and famous" or you can use that same portion of income to invest in more wealth. The choice is yours and no one can judge you for whatever choice you make.

As long as a portion of your income is being used to invest in more wealth, you will never have to worry about going broke or being in so much debt that you are unsure if you will ever pay it off.

Being rich is about looking rich. You choose a lifestyle that others call 'rich." When you make this choice, you cannot make any other choice. Being wealthy is choosing the lifestyle you desire. Both are choices. Choosing to be rich is fraught with uncertainty. Your lifestyle is dependent upon the vagaries of the economy, good times and bad times, market fluctuations and business cycles. Choosing wealth is a certainty.

Choosing wealth is choosing tangible assets that throw off positive cash flow and protecting those assets with insurance and business entities so that they cannot be easily taken from you.

As you gain more wealth, your capacity to acquire additional assets will only increase. If you choose to focus on building wealth and the positive cash flow and passive income it produces, you will always have the option to choose the lifestyle you desire.

Is it better to be rich or wealthy?

The choice is yours.

Copyright 2016 by Perry Jones, All rights reserved.

http://kearsedgeboston.com