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D G   My Press Releases

Why Passive Income Is a Terrible Goal...

Published on 8/2/2017
For additional information  Click Here

I get this a lot in conversations I had with EVG subscribers.

When I ask them their financial goals, they give me some response like...

"I want to start making passive income."

"I want to be financially free."

"I want to quit my job and work for myself."

And so on...

Now these goals sound great on the surface. After all, who doesn't want things like "passive income" or "financial freedom".

Problem is, they're useless goals.

You can't use them to work backwards to figure out what actions you need to take.

For example, if you want passive cash-flow, Elevation Banking is one of the great strategies we teach inside EVG.

But how you set up your personal "bank" depends entirely on the SPECIFICS of what you need... and your current circumstances.

There's a big difference between trying to make an income of $900/month compared to $3,000/month or even $14,000/month.

It's all doable.

But the path to get there, and the strategies you'll need will vary depending on your goal.

So here's the thing I always ask people...

What does that goal mean to you specifically?

What kind of lifestyle do you want?

How much money will that take EXACTLY?

Break it down. Run the numbers.

And I mean BE SPECIFIC here.

For example, I was talking to someone recently who was getting into real estate. And when I asked how much money they wanted to make, they gave a range of $3,000 to $5,000 per month.

But the gap between $3k and $5k is NOT insignificant.

That could be up to 4 additional rental properties they'd have to acquire depending on the strategy they're using.

And when we narrowed their target income to a specific number...

We were able to to work backwards to create the ideal plan to meet that goal. And they began to feel like reaching it was much more achievable.

So what about you?

What's the specific amount of money you're trying to make?

Let me know and Check out EVG:

Sincerely,

Brian Fouts

Co-Owner, The Elevation Group

PS: Speaking of Elevation Banking, Jake and I are currently working on a brand new training on this strategy.

In it we'll show you exactly how to get started with this...

And we'll walk you step by step through how to use your "bank" to pay for major purchases (like a new car), fund exciting investment opportunities, or to simply generate safe, tax-free income for retirement.

Member Note: To comment on this PR, simply click reply on the owners main post below.
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