Jul '24 (edited) • General discussion
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"In a race… Einstein on a tricycle will get smoked by an idiot in a beat up F-150.
"Same is true with money. I know genius copywriters and other creative geniuses selling their time as their biz model…
"And they’re getting SHELLACKED financially by less talented idiots with a faster money model. IQ doesn’t make money, LEVERAGE does."
Source - Travis Sago
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Hey Rocky here...
Firstly I want to thank you for joining me as a fellow DAPer. I'm going to do my best to reward your time and attention by showing you how to do some easy work and often get paid for it over and over again for months or even years.
A big claim I know, but please suspend your disbelief for now while I lay out what I believe is the best vehicle for creating passive, recurring income I have seen in my 50 years of working life.
Here's an high-level overview of what we'll be doing...
Step 1) We will be helping audience owners monetise their communities using a 3 Question Poll and in some cases an online auction. These can generate a LOT of goodwill as well as thousands of dollars in sales in just a few days. Some of the profits will be ours to keep.
Step 2 - Optional) Next we will be creating DIGITAL VENDING MACHINES (DVMs) by repurposing our own, our partners, or other people's content and putting them into EXISTING traffic flows where they will be generating recurring revenue without our personal involvement.
This gives us an incredible amount of LEVERAGE and solves our lead generation, traffic and cash flow problems PERMANENTLY.
The plan is to go from TBI (Time Based Income) to ABI (Asset Based Income). It allows us to go from working for money (the Tricycle) to being paid for creating assets (in Travis' quote a beat up F-150, but it's more like a Ferrari).
The DVM process we'll be following is:
#1 - Repurpose some existing content into a valuable mini-book, video course or some other format (this will become our Digital Vending Machine)
#2 - Relocate the DVM into our partner's or somebody else's existing distribution channel
#3 - Rent for Royalties: The goal is to "rent, not sell" our Digital Vending Machines
#4 - Repeat: Once a successful Digital Vending Machine is in place, repeat the process to create multiple income streams
Step 3) And finally (and only if you want to), we will be running regular marketing campaigns for our partners and splitting the profits with them. This is where the big money is...
The Ultimate Freedom (FU Money: What This Is Really About)
The end goal ain't just making more money.
“Making money” is simple.
But for most people it comes at the cost of our time and energy.
My goal is not to “spend” my time. It is to “invest” my time.
That’s what we are doing when we create Digital Vending Machines.
We will be working one time but get paid repeatedly. That allows us to do what’s important.
To spend time with and be present for our family.
To be able to take care of our health.
To get involved in all kinds of projects that make us happy.
And that freedom starts the second we decide we are going to devote some of our time and energy to creating, acquiring or producing ASSETS that produce income that continues long after our work is finished.
Before you continue, please watch the 30 second video below. It's an Australian Television ad for Aware Superannuation. The whole thesis of the video makes my skin crawl...
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Here's the Script: Ah, the working life. You wake up, you work, you get paid, you wake up, you work, you get paid until one day you wake up to a whole new rhythm and still get paid.
Aware. Super helps you find your rhythm of retirement. That's super helpful.
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While having Superannuation, a 401K, or other retirement assets is valuable, working hard doing something that sucks your soul dry for 40 or 50 years to one day 'retire' and wait to die is not something to aspire to.
Here's the problem (Australia and other countries would be similar): Seventy-seven percent of workers in America would experience financial difficulty if their pay check were delayed a week, according to results from the 2024 "Getting Paid In America" survey conducted by PayrollOrg (PAYO). This is a one percent decrease over the 2023 survey, which indicated 78 percent of individuals were living pay check to pay check.
The annual survey asked respondents how difficult it would be to meet their financial obligations if their pay checks were delayed for a week. Of the 36,729 individuals who responded to this question, 28,375 respondents, or 77 percent, said they would find it somewhat or very difficult to meet their financial obligations.
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The System is broken and most of us are getting screwed, we've always been getting screwed, and we will continue to get screwed unless we take charge and do something differently to everybody else.
If you’re working a 9–5 or if you “escaped” your job only to find yourself working even longer hours in your own business, hopefully you can see how this Partnership model could be the bridge you need to go from Time Based Income to Asset Based Income in a fairly short period of time.
And if you'd like to reach FU money 20 years or more sooner, making a genuine effort to move from TBI to ABI is one way you can do that.
One Caveat: This a community for action takers. You are free to leave any time if you feel you are in the right place. This is NOT a hostage situation.
HOWEVER I will be removing members who aren't going through and actively implementing the training, who aren't asking questions or interacting with other members on a regular basis.
Don't worry if you miss a few days or a week, but if you don't show up for 3 weeks or a month, you'll probably be outta here.
With that understanding, to break the ice, please introduce yourself by posting below and let us know a little about what you've been up to. Also please tells us know what you would like to get out of this group.
Once again, welcome to the community.
Let's do some great things together...
Rocky
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