What up, what up? Welcome back to the Action Academy podcast, the show that helps you get rich,

happy, and free with the capital F in your life and business. Today, ladies or gentlemen, we're going

to help you make 10 times more income, grow 10 times more wealth, do it faster, and in about

half the time that it takes you to create the levels of wealth and income that you have today.

Once again, as always, if you

enjoy the topic of today's episode, please share it with everyone you've ever met. Not one or two

people. Just literally send it to everyone. Your grandma, get her financial freedom. Your aunt? Yeah,

get her that new house. Your baby cousin. Maybe they want to buy a house in 20 years. Send it to them. Share the Action Academy

podcast. Help me help you. Let's grow this thing together. So let's get into the topic of today's show.

There are a couple of different seasons that we go through in our lives when it comes to wealth

and income generation. I like to lovingly break it into three different phases. You have

fixed, variable, and entrepreneurial. So in the beginning, you have fixed, which would be all of my

people on salary. You literally get paid to do a job or a task between hours X and hours

Y each and every day. That's your entire income. You show up. That's how much money

you're going to make, whether you kill it or whether you are terrible. That's most people.

The second season is variable compensation. This is where you have a fixed base salary,

and now you have incentives to perform and make more money based off of the efficiency and levels of your performance.

These would be sales positions with commission and bonus structures or any other position

that has a key metric that you directly impact. Your position exists to impact that KPI,

whether that be growth, retention, whatever have you. Maybe you get a bonus at the end of the

year for accomplishing your job. And technically, if you're in an hourly position, working overtime could maybe be halfway

considered variable compensation because as you work more hours, you put in more input,

...