This is No 2 of the 3 Wealth Creation Myths!
This one is another great misconception in the myths of wealth creation.
Someone said to me just recently, “I will have more wealth and be safer moving forward is I build and develop many different streams of income. “
I immediately thought of the lady that I had coached earlier in the year who was trying to run, (start-up), 7 different businesses.
You can read about it here . . . https://www.hotpinkwebsites.com.au/follow-one-course-until-successful
The Myth is that the more Streams of Income you have, the better of you will be.
It is hard enough pushing one cart up a hill.
Imagine trying to push 3 or 5 or 10 carts up a hill at the same time.
It would be very slow and exhausting.
You would be continually switching from one cart to the next to make sure that progress was being made.
And before moving to the next one, you would need to somehow set the current one in place so that it didn’t roll back.
And there is no way that it can progress when you are not there attending to it.
Exhausting and slow!
Building a Team
Now, imagine you were wanting to push 10 carts, (businesses), up the hill to success, but instead of doing it yourself you had 10 teams to help you.
And each team was responsible for moving 1 cart up the hill to business success.
That would seem so much easier.
But forget about trying to start and run 10 businesses for now.
Just come back to the one business.
Inside it you have many functions that need to be performed.
And each of these functions is a cart that needs to be pushed up the hill to completion.
- Human Resources
- Customer Relations
- Assets and Production
These are all carts in your business that must be pushed at some time or other.
Are you trying to push all of the carts yourself, at the same time?
People Make Money
What people learn as they step up the wealth ladder is that money doesn’t make money; people make money.
Invest in the right people before investing in the assets they will manage or you will be the one doing all the juggling, and it will only be a matter of time before you start dropping the ball.
Perhaps it’s time to try something different.
Well, that is quite simple really!
Watch this short VIDEO
Wealth Dynamics In 10 minutes by Roger Hamilton
What should you do now?
- Do you know your Wealth Dynamics Profile?
- Take the online test here . . . https://www.hotpinkwebsites.com.au/wealth-profiles/
- Want some help or ideas? Just contact us at Hotpink Websites now.
The way to get things done is not to mind who gets the credit for doing them.
~ Benjamin Jowett
Remember – No 2 of 3 Wealth Creation Myths