Money is freedom so strive to make more in 2022. I quit doing one thing, and it changed my entire financial life. I was in my early 20s. My wife was in credit card debt. I was totally broke and I was trying to figure it out. I read this one book, and it had a really big idea. I'd never heard of it before, and it's something that you probably haven't heard of either. It's something you aren't taught in Harvard Business School or Yale Business School, but it actually changed my entire life and made me a millionaire before I turned 30 years old. If you quit this one thing, it will bring a lot of money into your life. So check this out, this is my blog about how to Manifest Money With This Powerful Meditation!
So the book that I read is called Fastlane Millionaire by MJ DeMarco, and what he says is that lifestyle servitude is the most destructive factor to happiness. He says that jobs suck because they're rooted in limited leverage and limited control. Sure, you can have a great job and a fun one too, but in the scope of wealth, they limit both leverage and control, two things desperately needed if you want wealth.
Money Equals Options, Money Equals Freedom
So he talks about the fast lane, which is how you get rich in a quick or reasonable period of time, and the slow lane, which is a lane that most people take and most people are promised, which ends up being paycheck to paycheck your whole life and then never actually being able to retire. We know now that the average retirement age is getting pushed back drastically. The slow lane is the path that gets you there, and it's the one that we're taught in our world. So it's broken down like this: life servitude. Money equals options. Money equals freedom.
If you do not have money or you trade your time for money, then you have life servitude or lifestyle servitude. So lifestyle servitude is the rat race. That's what you do not want, and underneath it, we have uncontrolled, limited leverage. If you have uncontrolled limited leverage, which means you are trading your time for money, this is statistically proven because most people, once they hit their adult years, make about the same amount of money their entire life. That is evidenced by the fact that the average household income is about $60,000 a year in America, and most people make about that every year.
Money is Freedom, The Goal Is Freedom
Most people are on the wrong financial roadmap, so their income ceiling is limited because they have uncontrolled, limited leverage. which doesn't allow them to make more money because it's uncontrollable and unaffordable. When you're trading your time for money, you are limited to 24 hours and you cap your income ceiling. Unless you change your financial roadmap, which is what I did, and it changed my entire life. So one of the most important quotes from the whole book says, "The idea that money can't buy happiness is misplaced."
The question is whether money buys you more than lifestyle servitude does. So here is the equation. The goal is freedom. The goal is to make and earn money in a way that gives you more leverage and thus more freedom, and thus no more lifestyle servitude, no more rat race. The plan to accomplish that is unlimited leverage control, so you move through the checklist. When I moved through the checklist, I was in my early 20s. What was I doing for a living at the time? I was trying to be a college speaker. I had written a book and I was trying to be a high school, college, or middle school youth speaker.
Trade Your Time For Money
I could be a motivational speaker to kids and to other young people and students. So then I went through the checklist and I said, "Okay, I do not have any of this." What I have is uncontrollable, limited leverage. " It's uncontrollable because other people say yes and no to me. The schools have to approve me. It has very little leverage because I'm trading my time for money. I'm charging a flat fee per hour or multiple hours per half day to go speak.
This also includes me having to travel, so there's a huge additional time and investment, in addition to me trading my time directly for money, which has a ceiling. As someone who is young and in their 20’s, my range, my bandwidth of the amount of money that I can make, your income earnings ceiling was very low and very limited, so you take inventory. My earnings ceiling is determined by the road map and my approach to earning money. Mine was very low.
Money is Freedom And I Need Controlled, Unlimited Leverage
In addition to that, I had more problems, which was that there were only certain times that schools were booked. School is, of course, out during summer and winter, but there's a very limited bandwidth of time in which they actually hire motivational speakers. I took another check on my box and now I'm in a scenario where I don't have a lot of leverage and I don't have a lot of control.
I reversed it and I said, "Okay, I need controlled, unlimited leverage." "What am I going to do? and I said, "Well, why don't I do YouTube?" Why don't I make videos? I can sell digital courses. I can write a bunch of books. Everything that I'm doing now will have controlled unlimited leverage. I make a book once, and I can sell it forever. I make a course once and I can sell it forever. I made a video once, and people can watch it in different places. If I make it once, the views can be exponential.
My Income Started Growing Exponentially
Unlike in a normal audience setting, I have a fixed cap on how much I'm making and there are only so many people that are there. So I changed my entire model of how I earned my money and I went to controlled unlimited leverage. My income started growing exponentially because I started to do something different, which was to invest my energy in something that brought less money immediately.
It set up a plan to raise my income ceiling by changing how I earned it, which gave me less lifestyle servitude and more freedom, and also gave me more leverage because I didn't have a fixed income on how much I could make. Once I built out my whole plan, once I had numerous books, once I had numerous digital courses, once I had tons of videos out on YouTube and I got a million views on a YouTube video, I made more money in one month than I made in the previous year.
You Can Build Controlled, Unlimited Leverage With Anything
I am not working directly for it, and that thing that I created can be purchased, sold, and offered to many people all at once from all over the world. Now here's the kicker: you can build controlled, unlimited leverage with anything. For example, I once interviewed a woman who was in college. She needed some extra money, so she started cleaning dorm rooms. It became so successful that she had to hire dozens of other people to clean those dorms.
It turned into a multi-million dollar business. So what did she do? She was trading her time directly for money, but instead she started to offer a service that was unlimited in its leverage. You can do this for massage work. You could trade your time for $30 an hour for a massage. You could build massage places all over the world, and you could train other masseuses, and all of a sudden, you have unlimited leverage. So the question is: how can I build or start to do things that offer me a higher income earnings ceiling? How can I stop trading my time directly for money and replace it with value?
Being A Consumer To Being A Producer
In order to do this, you have to go from being a consumer to being a producer. I had to go from just consuming books to writing books. Just consuming videos to produce videos. You have to go from just consuming to actually producing, and here's what MJ DeMarco has to say in The Fastlane Millionaire. He says, "Instead of digging for gold, sell shovels." "Instead of taking a class, offer a class." "Instead of borrowing money, lend it." "Rather than taking a job, hire for a job." "Instead of taking a mortgage, hold a mortgage."
Break free from consumption, switch sides and reorient to the world as a producer, and when you produce things of value, whether it's that you help people in accounting, whether you help people in real estate, whether you help people with massage work, whether you help people with their investing, when you provide value and that you do it in a scalable way, what happens is that instead of the slow lane that we’re promised, one day you're going to be a millionaire, which takes into account a false assumption that you're going to live forever.
From An Employee Mindset To A Producer Mindset
When you're old, you're going to have enough health to even enjoy your money. If you take your value and you implement controlled unlimited leverage by offering that product or service in a scalable and creative way, that provides value and solves other people's problems and needs. What ends up happening is you shave that 50 years into 10 years or 5 years, because you give yourself the opportunity for unlimited leverage by moving from an employee mindset to a producer mindset.
When you produce in a world where everyone else is consuming, you move off of the rat race and you find out there's very little competition and a lot of money waiting because a lot of people need their problems and their needs to be solved. When I stopped doing that, and I changed my entire way of how I approached the idea of money, my goals, my work, my career, my dreams, my whole life changed. You can work hard. You can change your strategy, but if your entire belief system is set up and programmed to react negatively to money, you will always repel it from your life.