Saving money will not lead to financial freedom. Investing wisely will, especially if they are Momentum Investments. These “high upside potential” investments don’t mean you’re gambling with money. Gambling is based on a strong emotion of greed combined the lack of understanding of what you’re doing. Momentum investment means you’re completely cool headed, calculating, and strategic.
Momentum investments have a very high potential upside. The key to beginning momentum investing is that you’ve developed a 2:1 passive income ratio, giving contingencies and buffers. You have twice the amount of passive income then you need to cover your monthly expenses, which is where you can start doing momentum investing that includes:
• business start-ups
• private equity investments
• purchasing distressed businesses
• gold and silver speculation
• and occurrences
Create Momentum with Crypto-Investments
The loan to pay off first is the one with the lowest Cash Flow Index. For example, consider the following loans and ask yourself which one you would pay off first:
Now let’s tackle the second reason why people struggle with debt. They don’t understand why they are in debt in the first place.
You see, without a fundamental change in consciousness regarding debt, no strategy alone will work long-term. For lasting results, identify and solve the root causes of debt, rather than hacking at the by-products (interest and bondage).
Before you employ the techniques above, ask yourself:
Getting and staying out of debt requires a fundamental shift. A simple guide moving forward: Never borrow to consume. Use cash for consumer items, such as furniture, clothing, and vacations, and only borrow for productive assets and resources.
Getting your financial house in order is about much more than the technicalities of finance. It’s about your mindset and psychology. It’s about your willpower to defer immediate gratifi- cation in favor of long-term freedom. It’s about seeing and cul-tivating a vision beyond working 9 to 5 for the rest of your life. You extend your runway in life and expand your bandwidth.
As you crush your debt, you will free up more cash flow that can be used to fund your investments.
In 5 Day Weekend Nik and Garrett share numerous tips and methods for hanging on to more of your money. You will learn:
Keeping more money is the foundational step to living a 5 Day Weekend, and you can find all these methods outlined in the book 5 Day Weekend.
Yes! Send Me a Copy, I Want to Keep More Money
Are you ready to move on to the next step? Make More Money
Document your debt, your cash flow loans and your plan to capture and create wealth. Fill out this document and start shaving down your debt and increasing your cash flow.
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