To be rich is not the same thing as being
wealthy. Riches have to do with the amount of money, but wealth has to do with
time i.e. how long one can guarantee a comfortable living without necessarily
working. There are many ways to make money, but there are only few healthier,
easier ways to achieve financial freedom.
FIVE ROUTES ACCORDING TO MICHAEL LEBOEUF:
1. Slave Route: this route is characterised by people who have little or no neither
money nor discretional time of their own. They have surrendered to “fate”,
believing that they’ll have to live depending on some other “privileged”
people. For these kinds of people, except there is a fundamental change of
belief, they are doomed to a lifetime of poverty.
2. Grasshopper Route: people on this route have plenty of time but little or no money.
They could be very well educated, but generally lack the knowledge and
motivation for self-development and actualization. Whether they are working or
not, they normally have no visions or plan for a greater future. Riotous
spending, no savings, dependency, etc characterize people on this route.
3. Employee Route: this route is represented by people who trade their time for
money. They focus on earning to spend on rent, transport, food and other life
needs. These people spend their lives minding other peoples business instead of
their own. Being illiterates in business and investment, they normally crave
job security and dread risk taking. For these ones, their wealth begins and
ends with their pay check.
4. The owner Route: People on this route have plenty of money but little time. They normally
work hard for money instead of their money working for them. These people are
undoubtedly rich not wealthy, having not enough time to enjoy their money.
5. The winner Route: This route is characterized by people who have plenty money and
time. They are highly financially intelligent and know how to make their
money work for them instead of them working for it. They also use OPM (other people’s money) and OPT
(other people’s time) techniques in building lifetime wealth for themselves and
others. These people also know how to give back to the world through
philanthropy; and enjoy their life with abundant time.
UNIVERSAL
CASHFLOW SOURCES (ROBERT KIYOSAKI)
1. Employees – These are people who take
jobs in other people’s business. Their key watchword is “job security” and
“benefits”. They are normally too “smart” and civilized to take risks.
2. Business owners – These are people who want to be their own boss or do their own
thing. They rely solely on their professional training and talent.
3. Investors – These people make money with money. They don’t have to work
because their money is working for them. This is the playground of the rich.
Regardless of which route you are, if you hope to be rich, ultimately you must
come here.
The truth is that we can all not attain riches
through the same way and the same route. The most important thing is to
determine where your passion lies and try to master the rules for making money
in that area. You can make money by investing in stocks or real estate. You can also attain great riches by building
and owning your own business. Some build their financial fortunes from the
internet.
The most important thing is for you to know the route you are
familiar with, learn the system and follow that system to the letter. Don’t be attracted by the system your friend
is using to make his own money.
Also note that making money anywhere, requires careful planning. It requires a change of mind, attitudes and habits. It requires setting specific goals. It requires acquiring the necessary intelligence and skills in the area, which you desire to make money. It requires diligence and understanding that you may face some obstacles in your journey to financial freedom, but if you persist, you will surely get there.
Hope you find this post useful. Please share with others.
Watch out for more exciting posts on this blog.
Yours sincerely,
Aminu Sule
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