Why it is Easier to Get Rich than to Lose Weight.
Getting rich is easier than losing weight. Period.
But in order to make this point, we have to declare some ground rules. Liposuction is an easy way to lose weight (minus the pain and all) and winning the lottery may seem pretty easy to some people. So lets remove these options and clarify.
It is easier to grow rich over time than it is to lose and keep off weight over time.
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| Everyone's least favorite appliance. |
How can this be?
When it comes to getting rich, the younger you are the greater advantage you have. Time is money. But time is only money if you spend your time wisely. Video games are a poor use of time. Reading this blog is a GREAT use of your time.
So you work 8 hours a day lets say. May sound hard but you get used to it like all humans can adapt to anything given enough time. Then you take 10% of your pre-tax income and invest it into an income producing asset.
Lets say a dividend paying stock at 5%. You contribute to this every week automatically because you set up auto-withdrawal with your bank and now you don't even notice it is gone. In addition, your stock is paying 5% a year growth, while also going up in value over time because that is what good stocks do.
You are smart and do not look at this stock every day, or even every week. You may even forget about it from time to time. But it doesn't forget about you, and it keeps growing, keeps paying a dividend, and you keep adding 10% of your income to it. As you work more and get raises, bonuses and birthday checks, you keep adding 10%.
You are literally making money while you sleep.
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| Gus dreaming about some cash flow |
After you buy a couple rental properties and your rental income exceeds your expenses, guess what? That is the Cash Flow Lifestyle and you are free to live the life you choose!
Your property managers send you checks every month and you keep investing 10% into more income producing assets because by this time its an addiction, but the good kind!
So now what?
Well, most people that achieve this type of success realize how amazing life can be and want to keep living this life as long as possible.
Enter Weight Loss.
Keep in mind I am not saying it is extremely difficult to lose weight, I am just saying it is more difficult than getting rich for the following reasons:
You can't set it up on auto-pilot: Every meal you eat, you have to make smart choices.
You can't lose weight while you sleep: If you are, then something might be wrong. (Think diet pills or parasites)
You can't delegate weight loss: When it comes to making money, as long as you are willing to take the risk, every other aspect can be delegated. When it comes to weight loss only you can exercise. Only you can eat well. You have to make the right choices every single day.
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| Basic park stretching. |
I've got great news for you, though. If you first develop the discipline it takes to get and stay rich, that same discipline can be applied towards any future goals as well.
First figure out what it is you want. Keep this desire in your mind at all times. If you want your passive income to exceed your expenses, determine why you want this.
This will make it much easier for you to not only set your goals, but to keep them.
As your passive income increases, remember: Do not increase your expenses. This is VERY common and is why most people never achieve economic freedom. Their income goes up, so they get a new car payment. Keep your expenses low.
However, if your main goal is to increase your passive income so you can buy a nicer car, then you will. But if your goal is to live the life you choose, which means only working because you want to and not because you have bills to pay, then keep your bills low.
So in conclusion:
Get educated (this blog plus Recommended Reading)
Get rich (invest in income producing assets)
Get healthy (eat well and be active)
Be happy.
We live in the only country in the world that declares every individual has the unalienable right to pursue happiness, so why aren't you?
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