You've Built Income. You Haven't Built A Position.
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If you stopped working tomorrow, not retired, just stopped, how long could you maintain your current life before things started to break?
If the answer is a few months, that is not a criticism. That is just data. And it tells you something important. You have built income. What you have not built yet is a position. And those are two very different things.
This episode is about ownership. What it actually means, how the wealth gap between men and women is not a mystery but a math problem with a very specific set of inputs, and why the entry point for getting in is lower than it has ever been in history.
In this episode:
- Why women control 32 cents of wealth for every dollar men hold and why the income gap alone does not explain it
- The second shift and why it is not just stealing your time but stealing your compounding
- Why you cannot outearn your way to wealth
- The difference between income and a position and why producing does not compound
- Three inroads into ownership that are available to you right now regardless of where you are starting from
- Four conversion moves to make this week
This is Part 2 of the Paychecks to Portfolios series. Listen to the rest of the series below:
Part 1: You Have The Income. So Why Are You Still Managing Anxiety Instead Of Money? – Expand Your Empire
Part 3: You Built The Income. Now Make It Work Without You. – Expand Your Empire
Resources mentioned in this episode:
Investing 101 Course: https://investing101.expandyourempire.org/investing-101
American Dream Mastermind Group: https://theamericandreamgroup.org/
Wealth Strategy Call: https://elevateprofit.biz/profit-acceleration