Reinvest, reinvest, reinvest.
When you reinvest constantly, guess what happens? You go fast.
It’s becoming self-aware enough to go, “Okay why am I doing this?’’
Because if your motives for growing a business are financial, what do you think your motives will be the moment you start seeing profit in your business?
You’re going to want to take it out and spend it.
“But I want to have a life?’’
Have a life, I’m not saying don’t have a life, what I am saying is if you want to be truly financially free, you need be reinvesting constantly into that asset to build it to the point where you are free.
You know, imagine if you’ve got this beautiful big bucket and as soon as that bucket gets full, you’ll have enough water for the rest of your life.
But let’s say you drill a hole in that bucket and you’re constantly pouring little buckets into the big buckets, what is never going to happen?
The bucket will never be full.
It means that you’ll be constantly for the rest of your life running down to the stream filling up your little bucket, running back to the big bucket and putting in there for the rest of your life.
What I’m suggesting is plug the hole for ten years, bust your fucking nuts and take as little as humanly possible out for the first 10 years in your business and at the end of 10 years you’ll have choice, you’ll have a very high level of choice around, “Hmmm what is it I want to now do? I have this 20, 30, 40 million dollar asset, I can either sell this asset. I can put it under management. But I now have the choice”.
Reinvesting is key.
Latest posts by Kerwin Rae (see all)
- Meditation 101 - April 18, 2019
- Trade secrets! The launch formula that works every time - April 17, 2019
- The workplace bible: How to make yourself irreplaceable - April 10, 2019