The Biggest Path to Financial Stability
There’s an annoyingly accurate principle at play every day of our lives.
It’s called the Pareto Principle.
And it’s a real thing.
This guy studied it for years and came up a constant.
About 80% of the results come from 20% of the causes.
Which can be applied to just about everything.
80% of my work comes from 20% of my effort.
80% of why clients come from 20% of my marketing.
My engineering/math readers here need to calm down.
It’s not exact.
It could be 65-35 at times.
Or 72-28.
But the concept is the same.
There will always an unequal balance of things.
That we need to plan ahead for.
And when you do…you will be on the high dry hill when others are drowning.
When nature comes calling.
My new seedlings are no different.
Out of 40 seed pods in this tray, 5 didn’t germinate.
That’s 85-25.
My other tray of lettuces = 90-10.
My carrots suck right now. Only 60-40.
We need to combat the same problem financially.
There will always be a downturn with some of our investments.
While others thrive.
This is why I yell from hell to heaven about multiple streams of income.
No matter how small or mundane each stream may seem to be.
Assume you have 4 streams of income.
Stocks.
Real Estate.
Salary.
CD interest.
The market will decline in one of those.
Let’s say CD rates dump off.
That would be 1 stream bottoming out while the other 3 are killing it.
That’s 75-25.
See what I mean?
If you only have 1 or 2 streams, when 1 knocks off for a while, you are 50-50.
No one wants to be there.
The more paths you have, the better the Pareto baby!
👉🏼👉🏼 💸 Do you work hard as hell to simply pay the bills? And have little to show for it except being able to pay rent/mortgage, buy overpriced gas and food, with nothing left? Not even the ability to sit down for a movie and some popcorn without going into debt.
You are absolutely not alone!
Saving, investing, and building wealth is a way of life. The daily, monthly and annual decisions we make are everything toward our ability to retire, and retire early. This is what we talk about weekly on Working Wealth & Legacy Show.
We help thousands of people every day with simple easy tips, that stacked up over time will help you build wealth, not just income to spend on bills.
Jay Lieberman
Adoring Parent, Attorney, Radio Host, Realtor CA Lic #01874717 | NC Lic#341300
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The information discussed or any information contained therein is for the exclusive use of the party it was intended. The information, advice, formulas, calculations, investments are provided for illustration purposes only and nothing herein shall be considered a representation, warranty or guarantee, express or implied, regarding the accuracy of such information and advice or its projected success now or in the future. You are strongly advised to consult with financial and legal consultants concerning your overall investment decisions.