How many incomes sources do you have?
Could you financially survive a long period of unemployment?
Last week we had a Wealth Systems B∆NK member turn off their paid membership.
I reach out to all B∆NK members whenever they:
stop opening the emails
stop paying
The last one gets an especially rapid reaction from me as a red-blooded American businessman.
On a few occasions I’ve heard: “I like what you’re writing about and put it to use, I now have multiple wealth engines running and I don’t have time to read blogs anymore — now I want to use my time optimizing these engines to work better”.
Fair enough — candidly, I think we should never stop learning. We should constantly keep digesting new information so we can adapt our engines over time… but I respect anyone who says “I am too busy building”.
Most people are too busy doing nothing.
Respect to the rare doers.
My outreach last week went completely different. First time I’ve ever heard this actually:
“I can’t afford it.”
I won’t betray the exact details of the conversation. In essence they’d been a Paid Member for 7-months (at $19/month) and hadn’t applied a single thing.
Didn’t buy a share of dividend paying stock, never mind building out an engine with dozens of positions generating distributions repeatedly every month.
Didn’t explore options.
Didn’t look into building out digital stores, writing content for publications leveraging their life experience, etc…
Didn’t reach out to every business owner they know to:
learn more about how they built their business
ask what problems they faced but didn’t expect
learn which solutions were a total waste of time
Why, when, how… there are so many great questions you can use to grow if you are diligent about reaching out and engaging.
She didn’t do any of these things.
After spending nearly $150 and reading everything… she did nothing. She DID read every single article, sometimes 5 to 7 times over days, and clicked Like half a dozen times.
I mentioned all of this and she replied procrastination had always been a pain point in her life.
I said “Me too”.
She was shocked because my persona is ACTION ACTION ACTION and I talk about systems all day, and I use automation so my online appearance is bigger than usual.
When I explained that I use systems because I am prone to over-analysis and under-action something clicked.
We went into her budget, what her plans are, what she’d like the future to look like, etc… It’s incredible how much more open a conversation becomes when both sides truly see each other, and neither feels the other are better (or think they are better).
We also gifted her 6-months of Wealth Systems, and I suggested some of the technology I write about, including Python-based system automation as a way to learn rapidly, act efficiently… and outsmart procrastination!
I am happy to report she activated her first passive wealth engine this week!
Wealth is increasingly important if you want to make changes in the world, and wealth is also the only form of defense.
Think about it.
There is truly only one thing you can do right now that both provides more opportunity and protects you (and generations of your family down the line): build wealth.
Build a single engine wealth craft. Then bolt-on a second engine.
There is a point at which you have “too much going on”. Systems will both help you detect that point and increase your ability to manage performance.
More engines creates resilience and thrust. You need resilience to handle income instability from unemployment or changes in the economic climate. You need thrust to offset inflation and build a large nest egg.
Ultimately you want your monthly operating expenses to be 100% offset by income from your passive wealth engines - we call this the Green Zone. Once this happens you have free cash flow that can be redirected into making your existing wealth engines larger while operating more efficiently.
Soon you bolt these engines together and power a good old-fashioned money factory:
That is what Wealth Systems is dedicated to.
That’s the mission we are each on.
Not for the money, but for the options that wealth provides.
👋 Thank you for reading Wealth Systems. I started this in November 2023 to share the systems, technology, and mindsets that I encountered on Wall Street.
💡The BIG IDEA is share practical knowledge that can be applied toward the development and refinement of wealth building systems.
To help continue our growth, would you please Like, Comment and Share this?
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