Wealth Building 101: Creating cash flow monthly verses building a fence
I have been building fence the last few weeks in 105 degree weather and hard as that is, it is easier than creating cash flow monthly. You see, with building a fence I see the fruits of my labor right away. The pattern looks like this:
Goal – work – reward
My goal is 1000 feet of new fence so my horses can have more grazing area.
The work involves laying a ground wire so I know where I want the post holes, buying the supplies, digging the holes, driving T posts, stretching wire, tying the fence to the posts and hanging gates. It is hard but straight forward work.
The reward is happy horses and hopefully a lower feed bill when it decides to rain again.
Creating cash flow monthly is not so clean a process. The pattern looks like this:
Goal – work – work – work – work some more – small reward – work – work – work some more – setback like a major recession – keep working – reward – work – reward – work – more reward – ongoing reward of regular cash flow monthly with less to no additional work on your part
Your goal is cash flow monthly so you can have money and time to enjoy it. In other words, to live your dream.
It’s the work part that is so challenging. First, you have to be willing to work and delay your gratification. Second, like building a fence, you have to have a plan. If you are starting a business from scratch this can be a huge barrier. You will not likely get a loan or investor support without a solid plan on how you intend to create cash flow monthly. If you have never built a business of your own you may have no clue where to start the process.
A great place to start in building a business that can generate cash flow monthly is with a solid network marketing company. With a good company and good partners you will have the security and mentoring from people who have already put the infrastructure in place for you. You will still have to learn the skills needed to be successful and there will be a lot of work involved but you will have a plan. You don’t have to quit your job and you can build your business working as little as 7 to 10 hours a week.
The reward part of creating cash flow monthly is often very slow in coming. This is probably why so many people lose track of their goals and give up on their dreams. They stick to what they know, even if it is painful – like fence building. Madalyn
PS My network marketing business gives me cash flow monthly so I can have and enjoy my own farm. Fence building is not my real job:).
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