4.8 • 793 Ratings
🗓️ 25 April 2015
⏱️ 31 minutes
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0:00.0 | So, fast-laners, Ryan, Daniel Moran here, and today I have a challenge. Today I am going to do something |
0:14.0 | that I deem fairly difficult, and it is answer the question, how do I start my first business? In case you missed it, |
0:24.6 | there's a new feature over at the blog at freedomfastling.com and it's a place where you can ask |
0:29.6 | me a question and you can submit it to be answered up here on the podcast. And if you just go to |
0:35.3 | Freedomfastlane.com, there's a banner on the right side. |
0:37.8 | Click on it. |
0:38.4 | It'll take you to a survey and allow you to submit a question for the podcast. |
0:41.9 | And today I'm going to be answering one that I get all the time. |
0:44.6 | I've gotten it all the time for eight years. |
0:47.0 | And it is how do I start my first business? |
0:51.4 | I feel like I've answered this question a hundred times, but today I'm going to attempt |
0:55.6 | to throw my unique spin on it so that it might offer a little bit of a different opinion, a different |
1:01.5 | perspective than you may be used to. Now, this is important for us to talk about because if you're |
1:07.4 | familiar with my wealth triad, there's basically three parts to the triad. |
1:12.4 | And the first part is how are you making your money apart from trading your hours for dollars? |
1:20.1 | So in other words, a business or some sort of cash stream, an income stream that is not directly tied to the amount of hours that you're |
1:31.0 | putting in. So it can be something, it can be a business like I have where you sell products on |
1:36.5 | Amazon or it can be a business where you're an infomerator, it can be a business where |
1:41.5 | a brick and mortar business that's automated and systemized. |
1:45.3 | It can be flipping houses. |
1:47.1 | It can be anything that is not trading your hours for dollars, but is separated from the amount of hours that you would normally spend. |
1:56.2 | That's the first part of the triad. |
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