22/09/2021
Creating your financial train
Let’s combine finances (daily income) with a train. Let’s look at the train from a financial perspective. The train itself is you and there’s only so much you can carry because you’ve only got 100 bhp to begin with (100 bhp = $100) imagine that you save only $10 a day from your income, actually for many $10 could be perceived as a lot, let’s start with $1 and let’s save that $1 for 1 month, let’s say for names sake that each month has 30 days (I know it doesn’t but, it’s going to be easier to calculate it quickly) You’ve got $30 after your first month, $360 after 12 months, $720 after 24 months, $1080 after 36 months. You’ve now got over a thousand dollars and (1080 bhp) I imagine your train now has enough power to carry one carriage, your carriage is your investment and that investment should remain connected to you as the train, because your carriage is the vessel that transports the money back every time it’s FULL ( I emphasize the word full because, depending on the investment you’ll receive a return, depending how good the investment is, you should theoretically earn a minimum of $1 more per day and if you continue for 2 more years you’ll have ($1440 + you’ll still have your existing carriage) Now you’ve got enough horse power to pull another carriage actually I think you’ve got enough to possibly pull 2 more + the value of your first carriage has increased my 20% and you can now increase the revenue generated from the first carriage by 10% (So! You’re now earning $1.10 from your first carriage, $2.20 from your other 2 carriages and because of inflation and experience, you’ve managed to increase your income and save $3 per day. So, you’ve now got $6.40 savings per day, $192 after month 1 and $2304 after one year. You’ve now got enough money (bhp) for 3 more carriages. But, you’ve just realised that your carriages are earning more than your salary. Should I quit my job? The answer is NO let’s buckle down and do it again because we don’t want to merely have money, we want an abundance of it, but now this year you’ll earn $10 a day, $300 per month and $3600 per year. I’ve just showed you what’s possible with $1 a day, time, patience and hard work. Imagine that you’re able to save $10 a day, $20 a day, $50 a day etc… Most people think that rich people were born with a silver spoon, the truth is that 90% of rich people were born with nothing and they were taught that saving is important, they were never taught why! Money makes money, if you save enough of it, you can invest in everything and if you don’t, you’ll never be able to invest in anything and you’ll always be working toward nothing. Success isn’t quick, it’s a slow arduous process that will damn near kill you, but if you work hard for a minimum of 5 years, you’ll create a passive income that will enable you to stop working a day to day job, you’ll be able to sit back and money will simply be given to you from all your (wise) investments. Remember! If the the investment isn’t good, your plan won’t work. But, you won’t have failed 😉 Just keep saving…
