6 Rules Only Rich People Know (Part 3)

Real Estate Training & Coaching School

Business News, News, Careers, Business

4.4 • 705 Ratings

🗓️ 4 May 2021

⏱️ 37 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rule 5. Accept the fact that the more people you help accomplish their goals, the richer you will become and the more freedom you'll experience. You will only become rich and free when you become of service to others. Not rich and free? Develop a product or skillset that others are willing to pay for and then multiply. When you're rich and free and the economy tanks, you can buy assets at a discount. You can help people who might not have been able to help themselves. Rule 6. If you're not rich and free, it's because you're choosing to be poor and dependent. YOU are making that choice. Someone else has not made that choice for you. Obviously, some people were born on 3rd base and act like they hit homers. But stop thinking that the vast majority of millionaires and billionaires aren't self-made. Stop being in conflict with why someone is rich. They're rich because they are providing something to enough other people that those people are willing to pay for, thus producing enough profit that they are rich. If your primary aim is your immediate safety and security and 2 weeks off for vacation, and that's the only contribution you're willing to make (minimum effort to maintain comfort), if your every waking moment is seeking comfort, YOU have chosen to be dependent. You have chosen to be a slave to your own limiting beliefs. The social security administration states that 95% of people retire being dependent either on the government or on a family member. Homework: Buy this book: https://www.amazon.com/Harris-Rules-Practical-Step-Step-ebook/dp/B07HHBHRVC/ref=sr_1_1?dchild=1&keywords=harris+rules&qid=1620140355&sr=8-1 Schedule A Free Coaching Call Listen on iTunes Listen on Spotify Listen on Stitcher

Transcript

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0:00.0	Welcome to Real Estate Coaching Radio starring award-winning real estate coaches and number one international bestselling authors, Tim and Julie Harris.
0:10.2	This is the number one daily radio show for realtors looking for a no BS authentic real-time coaching experience.
0:18.2	What's really working in today's market, how to generate more leads, make more money,
0:22.8	and have more time for what you love in your life.
0:26.0	And now your host, Tim and Julie Harris.
0:35.0	3-2-1 and we're back, Julie Harris.
0:37.1	It is May the 4th. We're finishing up our mini-series on
0:41.2	six rules only rich people know. And today we're going to be talking about rule number five and
0:45.6	rule number six. And we're also going to be sharing with them a specific action plan that they
0:49.8	need to do if they're really, truly serious about getting their, you know, taking control of their
0:54.8	money and creating a relatively short pathway to being rich. And just going back to the first
0:59.9	podcast we did in the series, Rich is where your money works for you and you no longer have
1:04.0	to work for your money in the ideal scenario that I hope all of you will take on the challenge
1:09.3	to create for yourselves is creating enough passive income
1:12.4	where the money coming in every single month passively, not from the sweat of your brow or the
1:16.7	sweat of money or else's brow in your family, comes from passive means. And that could be paid
1:20.8	off rental properties, dividend paying stock, certainly revenue share from EXP, things like that.
1:25.5	So that's what we're going to be talking about a little bit as a bonus beyond rule number six. It's really important that you take this seriously because
1:32.2	it's our premise of our coaching organization that ultimately the reason that you got into
1:37.7	real estate in the first place and took on the liability and all the other emotions and, you know,
1:42.0	responsibilities to go along with being a small business owner,
1:44.5	was so that you can experience freedom.
	...

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