You Must Work Hard To Be Rich-myth Or Truth?

De BISAWiki

He further insisted that, 'working hard and making cash have nothing in commo...

'One of the very most popular myths about getting rich or achieving economic success is the fact that spending so much time is the key to generate wealth,' reported Jamie McIntyre. Jamie is a greatly sought after private growth coach and has traveled all over the world meeting and understanding from some of the most useful teachers in this world including Anthony Robbins, the, General Norman Schwarzkopf and Robert Kiyosaki.

He further insisted that, 'working hard and making income have nothing in common, I repeat, nothing to do with each other within this modern time.' Why is this man making such very powerful but controversial claims? Well, he supported his statements with the following explanation. He uses his father, as an example a farmer.

His father started out with nothing but is a now.This man, like most framers, thinks that true work is the key to success and that was how he became a millionaire. He thought this is the fact to money creation.

Jamie explained to his father that hard work did not promise or actually play a significant part in his dad's success. In fact it is site a myth. His father can be a wealthy today because of the understanding of value on his farm land property. The farm is currently worth more that the million bucks when his purchased ages ago at a simple $50,000 dollars. Even though that his father was certainly spending so much time on the farm for quite some time, this did not make the farmer wealthy. Income from the park has really dropped poorly and the man would never save your self a million dollars from his farm's money even if he worked hard on it for several lives.

His father's wealth was made by purchasing the farmland home at a low price and the increasing importance of the property over a period of time. Anyone who have read Robert Kiyosaki's 'Rich Dad Poor Dad'book will find this idea familiar.

His father's money was amassed even though he was asleep and very nearly without the attempt at all. It is true that great work ethic and some hard work in the beginning served but the most important element was the trading of his money on the home and letting his money work for him.

Then as yet another example Jamie continued to work with his mother. His mother had always desired to open a cafe. She did not understand that many years later, she was wanted to buy the whole building when the restaurant was located.

But she did not get it because she had already borrowed lots of money for the coffee shop business and did not like the thought of borrowing anymore money. She was being mistakenly wise.

She worked very hard for many many years, frequently maybe not paying a salary to himself as another rule for wealth creation, (another big mistake would be to always pay your self first). She usually worked hard to pay for the shop's rental. She was working real hard but using a miserable reunite for that investment and work.

You see,if she only she had borrowed another $100,000 for the building,she might have:-

a) Charged her restaurant business a greater rent considering that the money still comes back to her. Even when her business just was able to pay the rent, it may be used to get back the borrowed money.

b) The building would appreciate in value over time making her plenty of money without working and plus her receiving a greater rental, it instantly make the building even more important.

D) She can offer away her coffee shop business and held the building benefiting from the sale of her business and then have the new tenants spending her leases for your shop. Now she need not work to get a steady flow of passive income.

d) If she still desires to work, she could work part time for your new manager and then picking up another revenue stream. The truth is that so many channels of passive income now, his mother might be wealthy without working hard.

So,in order to become rich you must work hard,is a reality or even a myth? Discover on your own as Jamie is offering his free economic success planning e-book at my website below.