So you want to know how to be a billionaire? Your dream of becoming a billionaire could be closer than you think. Maybe you haven't even made your first million yet, but you're ambitious and you know that there is no stopping you. The secret to being a billionaire lies in your understanding of how to "correctly" make money. You must think like a billionaire.
There are only two ways to "make" money.
There are only two ways to make money in this world: with your brain or your brawn. There's an immense difference between these two methods, because one can be scaled while the other cannot. One has virtually unlimited income potential, while the other is limited by personal involvement and time. The single most important factor in determining which category a money-making opportunity falls into is your involvement.
Working by brawn.
If you work somewhere that requires you to be present, you are working by brawn. This means you are the critical element to the economic equation that determines your income. And without your participation at some level, money won't be received. Maybe you own the company, are salaried, get paid hourly, receive a commission, or are an independent contractor. The one fatal flaw to your business model is you. There's just one you and only a certain number of hours in a workday, which limits the things that can be accomplished. To get better results, you push these limits by working harder and longer, but there are still only 24 hours in a day.
"BRAWN-work" has limitations that will drain you both physically and emotionally, and could end up killing you.
The total number of hours you can work in a day is an absolute boundary to your productivity and, therefore, limits the amount of money you can make. Unfortunately, most people are engaged in BRAWN-work.
Working with your brain.
Alternatively, if you have investments and a business that makes money but requires little or none of your time to manage, you are working with your brain. Like BRAWN-work, the acid test for "BRAIN-work" is the extent of your involvement. Can you walk away from whatever you are doing for a few months and not experience a significant drop in income? If so, this is a good indicator you are working with your brain. People engaged in BRAIN-work have removed themselves as the critical part of their money-making system. They work because they want to, not because they have to. True BRAIN-work is neither physically nor emotionally draining. When you are engaged in BRAIN-work your income potential is unlimited.
The secret.
The secret to become a billionaire is scale. BRAIN-work eliminates the boundaries on scale, allowing you to automate and grow your money-making systems. For instance, after Ray Kroc bought McDonald's from the McDonald brothers, he did not stand around cooking hamburgers for hungry customers all day long. He perfected his Fast Food Business Model, and then he grew, or scaled, his business from a handful of locations to over 32,000 restaurants worldwide.
BRAIN-work and BRAWN-work are the only two ways to make money. The money that can be made with BRAWN-work is limited by your personal involvement and time. BRAIN-work has no such limits and can be scaled.
Intelligently scaling your system of moneymaking to massive proportions is the difference between making a million dollars and a billion dollars.
If you want to be rich-and I mean roll-around-in-your-own-private-vault rich-you need to work using your brain and then scale up your successful money-making system.
Adapted from the Be Rich Book. You can get your FREE copy of this book at http://www.BeRichBook.com
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