The Wealth Paradigm - Converting Your Business Income Into P

Dave Hertner

Copyright 2002 (c) Dave Hertner, All rights Reserved.

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=====================Begin Article Here===================== "The Wealth Paradigm
Converting Your Business Income Into Perpetual Wealth"

by Dave Hertner
© Copyright 2002
All Rights Reserved

This article is written for the many business people out there that feel as though they aren't realizing their dream of financial independence. Even though you may be successful in your business you are still dependent on it.

I think that we all have this picture in our minds of a lifestyle that has us free to decide what we want to do. The reality of our lives is that the many businesses we create restrict our freedoms even more than the employee that works for us!!

For the multitude of business owners that operate as sole-proprietorships there is some hope for you. Your group is the most constrained when it comes to the ability to operate independently of your business. You have the most to gain from this article.

The whole idea of wealth revolves around the notion that you have money coming in for which you do not trade your time or labor. The average business owner knows all too well that a great deal of time needs to be put into the business on a consistent basis. This does not mesh well with the true concept of wealth!!

So you ask yourself, how do I get myself from the bondage of my successful business to the freedom of perpetual wealth?

The answer is in a very simple strategy that only wealthy people have internalized. Most of us have heard the terminology buy I don't think we have internalized the concept.

The first thing that you should do is to make sure that your business is structured such that it will provide cash in excess of your needs. That sounds like it should be fundamental to any business but you would be surprised at how many businesses cannot meet an owner's needs that are actually wants in disguise!!

The business that you operate is what I call a TIME LIABILITY. It is an asset that requires input on a regular basis. In the end the business as an asset does provide cash flow for you but I think that there is a better way.

Take the excess income from your current successful business and reinvest it into assets that generate passive income. The definition of passive income is that it does not require input on your part to provide cash flow to you. Doesn't that sound nice??
We all dream of walking to the mailbox to fetch the checks!!

For most of us, the best type of passive income generating asset available is an Income Property. Now I do not like fixing toilets or dealing with tenants any more than the rest of you!!
There is a way around this though. You need to have the property managed!!

This works against most people's business sense. They want to maximize their profit from an investment property. This isn't a time to be greedy!! It is a time to be smart!!

The less time you have to dedicate to property management, the more time you will have to devote to scouting out the next property. This ends up turning into a positive feed back loop that works like compound interest working in your favor.

In conclusion, the simple formula of dedicating excessive income towards purchasing cash flow generating assets is best. Profit from these assets will, in turn go on to buy more assets which will grow your income to a level where you become the definition of a wealthy person. It is at this point that you have the option of stepping back from your original business by selling it or letting someone else manage it for you.

Wouldn't THAT be nice!!!

Generate Excess Revenue
Purchase Cash Flow Generating Assets New Cash Flow Buys New Assets Positive Feedback Loop

To Your Wealth!!!

Dave Hertner

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