To accelerate your financial success system by almost 20 times, these are the three systems you need.
The majority of individuals I know want their financial success to increase. You need strong financial structures if this is what you want to do, too.
What systems do you need, especially if you’re stuck in a 9-5 job, and how do you increase financial success? I will teach you exactly what to do in this post.
To increase your financial success, there are three systems you need. These systems determine how fast or slow you achieve financial freedom and are explained below.
Multiple Income System
This is the system that brings in massive money into your life. It comprises 3 main components – quality of your main income, source of your income, type of income.
The quality of your income can be high or Low. It is high if your main income gives you the ability to save more than you spend. It is low when you can only spend more than you save. High-quality income is the only type of income that can make you rich.
The second component of the multiple income system is the source of your income and there are two types – the one source income and multiple source income. The key to fast-tracking your financial success is to upgrade your source of income from one to many.
The third component of the multiple income system is the type of income you earn. There are two types of income – active income and passive income.
When you earn only active income or have a weak passive income, you limit your chances of financial success. True success is created when you have a strong active income and a strong passive income. You accelerate your financial success when you depend on passive than active income.
These are the three components of the multiple income system. When you have all three components working for you, you accelerate your financial success by almost twenty times.
So, now that you know the first system for fast-tracking your financial success, let’s look at the second system.
Money Preservation System
Earning extra income is just one step in the financial success process. What truly creates wealth is the income that you keep. True riches are created when you keep more income for yourself.
Unfortunately, this is rarely the case. Most people are only keeping leftovers for themselves. They are enriching others through their spending and getting poorer and broke every day. To achieve financial success, you must preserve more of what you earn. To succeed with preserving income, you must maximize two key components – the savings component and investing components.