Sunday 27 January 2019

Chapter 8 -It's not about Income - It's about assets that generate income

The things that most people think of as assets or not assets at all. In fact they are liabilities.

What defines whether something is an asset or liability is cash flow, not abstraction of value . In other words, it is generating money that goes into your pocket , or is it taking money out of your pocket?

If something doesn't make you money it's not an asset, it's a liability.

In network marketing, the whole point is not to sell a product but to build a network, an army of people who are representing that same product or service to share with others.
I am here is the reason you want to build that Army of independent representatives. Once you do, you know what you will have? And asset that generates income for you - passive income point

Actually it's about building 8 assets all at the same time. And in the next chapters we will look at each one of them

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