An Alternative Method to Building Wealth

Photo by Claudio Carrozzo / Unsplash

Do you ever feel like building true wealth and financial freedom will never happen? Do you look at others who have achieved it and wonder how they got there? They seem so much further ahead of you, the right time has been missed, or you’ll never catch up. It is easy to talk yourself out of even trying! Take the easy life, you’ve worked hard, and you don’t need the hassle.

A key idea that holds us back is that we need to know exactly what our goal is, hustle, grind, and a life of wealth and riches awaits the lucky few. For the rest of us, we will end up hopelessly average! The problem with that myth is it is simply not true. Want to know why? Well, read on!

Let me offer you another perspective of how wealth building works in reality. The myth of the single path in your chosen area sometimes happens, and there are clear examples, e.g. Michael Jackson. But even people who are among the greatest of all time often did multiple things before settling in their lane. For example, Roger Federer put his success down to his balance through badminton, basketball and cricket.

The same is true of wealth building. A better analogy than a single road is a river basin. True wealth is built from multiple income streams that compound and build into a fast-flowing, unstoppable river. Eventually, the river, although made of water, can cut through great rocks forming expansive canyons. What started as small investments of time and money compound to build wealth fast, generating more and more money. The streams of wealth-building into a vast river become inevitable.

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Photo by Sean Benesh / Unsplash

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There’s good news and bad news here. The bad news is that you often need to try multiple things. Your skills will not be finely honed at the beginning of the small streams that build wealth. You will need to fail and learn. This situation may not be easy, but your skills in different areas will grow. Once you have learned to master a small stream, you can automate it and build another until the…