What is really happening to your ability to produce Assets?
Understand the growth of all retail establishments has happened because of your purchases and referrals.
Discount Shopping and Couponing encourages you to buy in bulk in order to receive discounts. Granted over a 5 to 10 year span you could save $25,000 roughly about $2,400 annually. (If you are disciplined not to spend the savings on other liabilities).
What if you could get a better grasp on things and learn to develop a $2,400 or even a $25,000 a year annual asset. Just as an example.
Typically when you shop, any discounts that you receive you end up spending at another store on a different product or service in the same day. Not to mention if you purchase a cup of coffee or food.
Did you ever think about the cost of gas and the value of your time you spend store hopping?
Did you ever focus on how fast you spend money when making online purchases and the challenge of tracking expenditures.
For example if you purchase something for $1.00 with a discount / sale of 30%. That means you get to purchase the product for $0.70. What do you do with the $0.30? You go to another store and spend $5.00 on something you may or may not have needed. So now you are in the whole $4.70.
I know you have learned to create pleasure out of it.
What are liabilities?
– Anything you spend money on that does not make you money back in return.
Asset Building Think:
You buy things in bulk monthly but what happens when you dont use it all in a month? (What are the savings or ROI? Where is the Passive Income from it?)
What do you do next month?
Based on your purchases and referrals you do not create any passive income from those referrals. So essentially you are in business now with the companies and increasing there market share by telling others about your savings / couponing without receiving compensation.
What is the return on your investment? When you make discount purchases, money is still going out without much money coming back in. When you spend money you should be able to make the same amount you spent or more back based on your purchases and referrals monthly.
Where is your brand loyalty really getting you? You promote brands daily whether you open your mouth or not. How is the bank account looking?
Monthly purchases should help you eliminate debt not create more debt.
What happens when you post selfies of you, your family and friends eating, drinking, traveling, purchasing, and wearing products. Where does the revenue go from that post?
What if you could do the same thing you are doing and build an asset with it? Buy a better or equivalent product but you create a residual monthly and annual cash flow while doing it?
Did you know that the things you buy in your home that you spend $300 to $1500 on monthly could be turned into an asset with monthly passive compensation and end of the year bonuses and incentives?
Funny how we understand Real Estate to a degree but we dont understand that the things that we purchase inside of our homes can be turned into wealth building assets as well.
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