With a time-based income (TBI), you have 2 options to make more money…
👉Work more hours
👉Charge more money
Both have limits.
(High ticket coaching/consulting is a coping mechanism for TBI.)
With an asset-based income (ABI), you have 2 options to make more money…
👉Increase your asset base
👉Increase circulation of your assets
Both are virtually unlimited…
And with a wise choice of the asset…
Divorced from your time.
👉👉ABI is Feast Mode.
It's useful to see the distinction between TBI and ABI.
Even more useful to consciously make the choice between TBI and ABI.
Most peeps are programmed into TBI.
So much so…
They don’t even know there IS a choice.
To answer BOTH of our last Pop Quiz questions:
👉👉👉The FIRST STEP as a Ronin and moving into ABI...
Is to get ACO (Access, Control or Ownership) of a valuable asset lots of other people want.
Even better...
Is if people with DEEPER pockets want it...
(This is why I recommend B2B for SAM acquisitions.)
👉👉👉And the HIGHEST and BEST use of a CAMPAIGN and PRAHDUKT is using it to GET CONTROL of an asset.
Don’t get me wrong, the money is nice…but money is an effect…the CAUSE is the asset.
The asset that will give your time back...
And create multiple income streams is DISTRIBUTION: Newsletters, groups, communities, YT channels, etc.
It took me decades to figure that out.
Decades of chasing money.
Wearing myself out like a giant game of whack-a-mole.
I clung to my money like it was oxygen.
While my lungs (the asset) were on life support.
And then wondered why my LIFE was in the ICU (Intensive Care Unit).
I was like a lumberjack chopping trees down with an axe instead of spending a few bucks to get a powerful chainsaw (asset).
Feeling like I was dumb, deficient or damned by god...
When the truth...
...I was too money-focused to let go of any to move from a TBI to ABI.
When I stopped chasing money (the effect) and started ACO valuable assets (the cause), then money was as easy as breathing.
The power tools/lungs (assets) made breathing easy.
I saw money's highest and best use: To get control of more assets or increase the circulation of the assets I already owned.
👉I went from getting paid for selling my time to a master...
👉👉To getting paid for OWNERSHIP!
Important questions to ask:
"Am I using a TBI model? or ABI model?"
"If I delete things off my calendar...
Will my income go down?"
"Can I make more money and still delete things off my calendar?"
The answers will tell you if you have TBI or ABI.
Rooting for Ya,
Travis
PS This post was inspired by who said the "light came on" for him and who emailed me a great question about when to invest money.