There seems to be an underlying vibration of fear out there right now.
Everywhere you look and turn, it seems like everything is costing a whole lot more.
Petrol Prices UP… Food Prices UP… Cost of Money UP… Cost of Renting UP… etc, etc, etc.
…and we’re also faced with this weird-sounding concept called Stagflation.
What the hell is stagflation?
No, it’s not the cost of Chipendales on a Hen’s Night (everybody laugh out loud), it’s basically this…
We’re facing a period of low economic growth and high inflation.
So what does all this mean to you, who just simply wants to get ahead in life?
Well, let me explain it to you in another way.
I believe there are three invisible zones of wealth. What I mean by “invisible zones” is that these particular zones are real and well defined, however you can’t see them easily.
No, I haven’t lost the plot – I’ll explain this clearly.
Here are the zones.
#1: The WEALTH Zone
#2: The LIFESTYLE Zone
#3: The SURVIVAL Zone
Let’s go from the bottom up… Survival Zone.
Right now, the increasing of prices all over the place is affecting those that live in the survival zone.
They are generally individuals who are low income earners, have mortgages of about $300k (if at all) and have little savings.
They live month to month, week to week.
Generally 100% of their income comes totally from their employment.
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Enter The Wealth Zone – Knowledge Source Web 2.0 Profit
Experience – Launches June 16th, 2008
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These guys are really hurting at the moment and I sincerely hope you’re not one of them.
Next, the lifestyle zone.
Hey, these guys look good. Probably drive fancy cars, live within a 10km radius of a major city, go out to dinner 3 times a week and will probably go to the snow this season as well.
They’re middle to high income earners, their largest investment is their own home and they pay a stack-load of tax.
On the surface they may seem as though they’re successful, however they are stressed out to the max.
Why are they stressed out?
Well, their lifestyle is purely based on their income. Income goes? Lifestyle goes. That’s pretty hard to take when you’ve set yourself up that way.
The next zone is one that you should be either in or moving towards rapidly, it’s the Wealth zone.
These guys don’t necessarily look rich, they probably 2-3 year old cars, live in reasonable suburbs, have a business that generates decent cash flow or they’re investor focussed.
They live knowing that today is not all about living in the moment, but they’re also aware of creating wealth as part of their journey.
Typically, their income is not solely derived from their job, they have investments, dividends, portfolio income coming in every month and they work towards building that income even more.
So here’s your test.
If you were to stop working right now, how much income would come in to your life through other means?
If your answer is zero – you’re either in the Lifestyle or Survivor mode.
Ouch!
You have to do whatever you can to start moving away from those zones… and the only way to do that is you have to get the knowledge and experience of what individuals are doing in the Wealth zone.
I realised several years ago that 100% of my income came from working for it.
Today 20% of my income comes from directly working for it, and 80% is via investment, company profits and portfolio income.
My friend, I started where many are probably starting today and in a short period of time have turned it around dramatically by realising what zone I was in.