The Course in Mastery Day 26: The Principals of Wealth

Principles of Wealth: Day 26 of a 30 day challenge designed to help you gain balance in your life. Tom Wood and real estate expert Loral Langemeier share with you several principals that you must apply to create and keep wealth.

Tom Wood:
Principles:
- Wealth equals impact in people's lives
- Wealth is created by streams of residual income
- Its not how much you make its how much residual income you keep
Residual income:
- Real estate
- Investments that pays dividends
- Business
- Network Marketing
- Affiliate Marketing
Businesses:
- Is it fun?
- Does it impact other people's lives?
- Is it going to be profitable and when?

Loral Langemeier:
Live out loud
- Wealth organization chart
- Create wealth for generations
- Entity proctection structure
- Investment or business or both
- Revenue modelling
- 7 steps
1. Vision
2. Strategy
3. Revenue Modelling
4. Protection
5. Marketing
6. Sales
7. Leadership
- No one cares about your money as much as you do

Journal
1. Apply 7 steps in Business
2. Look for investments