Lesson 1: Money Beliefs

At first you must get to know your Money Beliefs. You learned those mainly from your parents, from a very young age on. Such sayings as “Money does not grow on trees” have become engrained in your brain.

What’s more, your Money Beliefs influence your Money Habits, and those influence your Money Results. So if you believe “Money does not grow on trees,” or in other words, that you have to work hard for money, then you will hunt for a good stable 9-to-5 job that ensures you a monthly pay check and extra money for all those extra hours you put in. Your money result is a fixed amount of money you get each month that you can only increase by working even harder and putting in even more hours. As there is a ceiling to how many hours you can work, there is also a ceiling to how much money you earn.

Multiple Source of Income

So if you want to change your Money Results, you must first change what? Your Money Beliefs! In Money Mastery, you learn how! Start by discarding negative Money Beliefs.

Lesson 2: MSI

To become financially free, you must have Multiple Sources of Income, or MSI. In today’s fast-paced, changing world, one monthly pay check is no longer enough! If you have only one source of income, that source of income can disappear virtually overnight. Companies rise and fall, and something that happens at the other end of the world may affect you. Don’t think your income is secure!

The only way to make sure there is always enough to support the family is to have MSI! Does that mean you have to take another job in addition to your 9-to-5 work? Absolutely NOT. In Money Mastery, we advocate having something called Money Making Machines, or MMM. These are machines that once set up will generate income without eating up your time, energy and resources. A good example is owning a car park or vending machine.

So one crucial component of your MSI are MMMs. The other is your Passion Income. Do you love what you do every day? If your answer is “yes,” great, then start getting your MMMs to secure your wealth. If your answer is “no,” then you better set up MMMs and then quit your job to do what you love. How can you spent more than one third of your life doing something you don’t love? So besides your MMMs, make sure you have a Passion Income! Money that comes from doing what you love to do.

Lesson 3: R.I.C.E.

You may feel overwhelmed - how can you manage everything all by yourself? The truth is you often cannot! It is much easier if you pool your resources and skills with other people who complement you.

The success formula R.I.C.E. stands for

• Resources
• Ideas
• Contacts
• Expertise

For example, if you have an idea, but lack the other three essential components, you can simply find people that have one or more of the components you are missing. Together you form a Mastermind Group, where you pool your resources and together plan your project.

Lesson 4: Take Action

Whatever you learn is absolutely meaningless, if you don’t do the most important of all things: You must ACT! Don’t just say, “Ah yes, MSI sounds good.” That will most certainly not create wealth for you! Instead ask what can I do to translate these concepts into money for me! 80% of creating wealth is seeing opportunities and acting on them! The opportunities are out there; you just have to ACT!