In these last few posts, I’ve been exploring the benefits of the 5 Day Weekend. At this point you may be asking yourself that while everything sounds fantastic in theory, how do you actually do this in real life? Employ the Wealth Matrix.
- Keep More Money: Maximize the efficiency of your existing resources by recovering cash that is lost to inefficiencies.
- Make More Money: Increase your cash flow through entrepreneurial ventures.
- Grow More Money: Use your increased cash flow to fund passive income investments, including Growth investments and eventually Momentum investments.
Step 1: Keep More Money
First and foremost, you have to stop the leaking in your financial bucket and keep more of what you earn. We find that more than 10% of most people’s income is being lost to Uncle Sam, big banks, and Wall Street. Reclaiming the cash lost to these sources gives you an immediate cash flow increase without spending more time or changing any of your habits.
We use a proprietary cash flow recovery system to first find lost dollars in your income, and then to put them to better use. I’ll explore this system in coming posts.
Step 2: Make More Money
You’ve heard the common phrase, “It takes money to make money.” This is patently untrue. Anyone can start right now with no money and create a way to make money.
What is true, however, is that it takes money to invest. And the more money you have to invest, the faster you can develop passive sources of income and begin the 5 Day Weekend lifestyle. Therefore, the next step is to increase your cash flow by engaging in entrepreneurial ventures. These can be done on a part-time basis, and many can be done without spending much time at all, but rather simply leveraging your existing assets. I’ll detail how to increase your entrepreneurial income in future blogs.
Step 3: Grow More Money
At this stage you’ve built a base of assets. Now the focus is on shifting your active income to passive income as quickly, safely, and as efficiently as possible. You’ll use your cash flow to invest in projects that will continually generate cash flow for you over time and take you closer to the 5 Day Weekend mindset.
In the Wealth Matrix there are two types of investments: Growth and Momentum. Growth investments are safe, conservative, and cash-flowing. The criteria for Momentum investments is a high upside and the ability to lose without its harming you. In these more aggressive investments, you remove all emotion from the equation because they are funded by your Growth investments, rather than your earned income. When successful, these investments pay out in large lump sums, and the proceeds are used to fuel more cash-flowing investments. I’ll reveal more details about Growth and Momentum investments in a coming series of blogs.
In the Wealth Matrix, we also move away from conventional retirement plans. Instead we employ cash flow-optimized investments that are safer, more profitable, and that give you greater control. We create our own economy and stimulus plan. We move away from investments used by the middle class and instead use strategies that are normally reserved for the ultra-wealthy.
That’s a lot. But I’ll back it all up with step-by-step plans for you.
For now, though, I’d love to hear your thoughts on wealth, and where you are at this point. Are you trapped in active income? Have you taken any steps toward passive income? What were they? Thank you for sharing.