The 3 Muscle Groups Of Wealth Building

April 18, 2019  FIRE  By Mr. Bo Dangles

Welcome to the Gym of Wealth! I’m your trainer, Mr. Bo Dangles. It’s time to get to work.

It’s my job to give you the tools you need to build a nice, strong bank account that will give you all the confidence of a rhino, attract the envy and admiration of your peers, and give you the power and freedom to spend your days as you want.  Everyone who goes to a real gym has their own reason for being there, but those reasons always boil down to one of three categories: They want to look better - They want to feel better - They want to do more

I know moms who exercise because want to be able to carry their kids around without feeling winded. They want to do more. I went to school with a bunch of frat guys who wanted to make their tee shirts look even tighter. They want to look better.  I know a bunch of 20- and 30-somethings who are addicted to the neurochemicals, stress reduction, and better sleep that comes from exercise. They want to feel better.

Strangely enough, everyone who strives to accumulate wealth has their specific reason, but those reasons fall into the same few categories!

If you want to build an emergency fund, layers upon layers of insurance, and to sleep better knowing that your family will be provided for even if something happens to you, you want to feel better. If you want to be able to flaunt some cash, a shiny new car, or a gold-plated toilet, you want to look better. If you want the freedom to choose how you spend your days, welcome to FIRE, and you want to do more.

Regardless of your “Why”, cement it in your brain and use that as the primary motivator to fuel your money workouts. Luckily, you don’t have to choose one of those things while leaving the others behind — strengthening your wealth muscles allow you to feel better, look better, and do more!

It’s EVERYTHING DAY in the Gym of Wealth and we’re hitting all three major muscle groups!

Upper Body – Earning  -  Core – Investing  -  Lower Body – Saving

Upper Body

When you work on your Upper Body, you’re working on increasing your EARNINGS.

Upper Body is sexy. Everyone likes to show it off. But if you only focus on Upper Body, you’ll be unbalanced. You’ll end up being shaped like a light bulb, which is definitely unsexy. Same with your finances.  Most of America focuses on building their Earning muscles, because it’s all they know. You want more money? Make more money! That’s how they think.  That includes everyone from the impoverished (who actually would see the most benefit by strengthening these muscles) to the C-level employees who bring in hundreds of thousands of dollars a year.

They all pick one of the “Why’s” above — Look Better, Feel Better, or Do More — and they immediately think that the only way to get to that Why is to earn more money.

To continue reading, please go to the original article here:

https://danglingthecarrot.com/blog/3-muscle-groups-of-wealth-building/