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 here. I'm going to do my best to reward your time and attention by showing you how to do some easy work one time, and 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...
We will be creating DIGITAL VENDING MACHINES by repurposing our own (or other people's) content, and putting them into other people's 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 process we'll be following is:
Step #1 - Repurpose some of our content into a valuable mini-book or some other format following Travis Sago's Fans and Fortunes Formula which we'll look at soon (this will become our Digital Vending Machine)
Step #2 - Relocate the repurposed content into someone else's existing distribution channel
Step #3 - Rent for Royalties: The goal is to "rent, not sell" our Digital Vending Machines
Step #4 - Repeat: Once a successful Vending Machine is in place, repeat the process to create multiple income streams
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.
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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 if we don't do something differently to everybody else.
If you’re still working a 9–5 or if you “escaped” your job only to find yourself working even longer hours, hopefully you can see how this Digital Vending Machine 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.
To break the ice, introduce yourself by posting below and let us know a little about what you've been up to. Also please let 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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