The 3 Steps To Getting Rich (Forever).

When choosing to go down the road of unlimited wealth and success, you will find yourself having to pass the 3 steps (or phases) in order to unlock the true freedom you desire.

While walking you through this journey we will imagine you are starting from absolute zero with a very lack luster foundation and not much money to your name.

Lets jump right into it…

1. Trade Your Time for Money: Gaining Income

The first step in the wealth-building journey is the most familiar: trading your time for money.

You can go about this in two ways from the beginning

1. Job
2. Start a business

Job

This is where most people start - working a job and getting a paycheck for the hours you work.

Business

Even if you start a business, in the very beginning it is still you who is doing 100% of the work.

In all honesty, starting a business at this stage is way harder than working a 9-5.

Imagine in your 9-5 you had to do the job of all your co-workers, and on top of that run your marketing and sales departments to ensure your business even stays afloat.

It doesn’t matter whether you're working a nine-to-five, becoming a freelancer, or starting your journey as an entrepreneur.

The key is not just to work hard but to work smart, seeking opportunities for raises, promotions, or more lucrative jobs.

REMEMBER, invest in yourself during this time period more than you invest in ANYTHING.

Your ability to invest your education and skills during this phase is critical, as it enhances your earning potential no matter if your an employee or a business owner.

2. Trade Your Money for Time: Gaining Leverage

Once you have a steady income, the next step is to trade your money for time.

If you own a business, this means hiring more employees to take care of the “busy work” you’ve been doing so that you can focus on more important tasks.

The idea is to leverage your income to create more free time for yourself, which you can then use to further increase your income or improve your quality of life.

This step is about building a system that works for you and your business, allowing you to enjoy the fruits of your labor while continuing to grow your wealth.

For many, this might involve investments like real estate, which can generate passive income through rent, or starting a side business that requires initial capital but can eventually run with minimal daily involvement. The critical aspect here is understanding the value of your time and making investments that will multiply your effective hourly rate.

3. Trade Your Money for More Money: Gaining Freedom

The final and most exciting step in the process to financial abundance getting rich is trading your money for more money.

This involves investing your savings into avenues that grow your wealth, typically through compounding interest in investments like stocks, bonds, or other securities.

I often say that you shouldn’t invest in these investments during your “broke boy” stage as it won’t be of any benefit to you.

Think of investing 1,000 into the stock market that makes 10% a year.

Congrats, you just made $100…

But if you invest $10,000,000 into the stock market, congrats you just made $1,000,000 without doing any work.

Remember, in the beginning you can get the biggest ROI from investing in yourself.

One course you buy for $1,000 could end up earning you over $100,000 easily.

This phase is just about making your money work for you after all the hard work has been done.

Remember, good investment decisions often require education, strategy, and sometimes professional advice from a mentor of some sort.

Embracing the Journey

While these steps are straightforward, the journey is rarely linear. It requires persistence, learning, and adaptation. "

Financial literacy is crucial throughout each phase, as is the understanding that risks and setbacks are part of the growth process.

Moreover, while the end goal is to get rich, defining what "rich" means to you is also important.

For some, you may want to live like the rappers you see on TV…

While for others, it's about freedom, flexibility, or the ability to pursue passions.

It’s important to remember consistency is what will make or break your success.

It is certain that anyone who performs these 3 steps over a consistent period of time is guaranteed to become free.

Hope you enjoyed this one.

-Toussaint