Which “Track” Are You On?

Dec 11th, 2009 | By admin | Category: Wealth Building

Anyone that has taken our workshop called “The Investors Code” has heard me talk about this.

If you had played the game “Cashflow” (Trademark Rich Dad company) knows that there are 2 “tracks” in the game; the “Fast Track” and the “Rat Race Track”.

The “Fast Track” is where the wealthy play. It constitues mostly big businesses.

The “Rat Race Track” is where most people play (in real life). This is where people that work in a job because they have to. The type of deals in this track are real estate deals.

Most investors are so stuck in this track that they forget the true objectives of the tracks. The true objective is to develop enough passive cash flow to get out of the rat race and get unto the “Fast Track.” So why are they doing “flips” and other non-cashflow generating activities?

Beats me!

Play the game again and NOTICE what you do to get out of the rat race. Then mimic that in real life. Buy income properties (e.g. apartment buildings), become a private lender, etc.

I notices that there are TWO types of people in the Rat Race:

1) People with money. These people have to play a different game than the people without money. They need to leverage their money, safely, to increase cashflow. You have a LOT more options to tap into than someone without money. However, make sure you learn to “cover the downside” while you play for the upside, otherwise it will HURT if you lost your money.

2) People without money. These people MUST learn to raise capital (OPM) and buy income properties, cashflowing businesses, and learn to become private lenders & arbitrage money.

Now, here is the interesting part. You can also play the FAST TRACK without giving up on the RAT RACE TRACK. You cannot assume the FAST TRACK will “hit” though or generate the cashflow you want. Think of the RAT RACE TRACK is a path to becoming wealthy (with better odds) than FAST TRACK. FAST TRACK is more becoming RICH without any good odds.

That is a very vague way in describing that in a quick post. The key to take from this though is that you can play on BOTH tracks without having to “graduate” from one to another like the board game. Our Millione Group (www.TheMillioneGroup.com) is proof of that where students and I launch “big businesses” – not everything hits, but the idea is to have enough do to help all of us make it big.

So if you are working on the next Facebook, keep going at it – never give up, just don’t stop buying those income properties just in case.

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