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Contact Admin. The trouble is, an hourly rate alone will never make you wealthy and drains your most precious resource: Fortunately , you have alternative strategies. Halik knows something about mastering time. From an entrepreneur whose companies have impacted more than one million lives in more than 51 countries, here are five fundamental ways to game the grind, multiply your money, and set yourself financially free once and for all.
Get immediate cash flow by reclaiming income drained from these sources. One way to do this is by looking for hidden fees in conventional investments, such as Ks and IRAs.
For example, if you opt in to receive paperless documents electronically, most IRA custodians will waive all maintenance fees. You can also avoid an advisory fee by using a self-directed IRA, rather than one managed by an advisor.
Instead of borrowing money, Halik recommends setting up a properly structured, overfunded whole life insurance contract that builds cash value, and then borrowing against the accumulated funds. Along with the Rockefeller family, this strategy was used by Walt Disney, J.
Once you have a rock-solid financial baseline, accrue more cash with a side hustle. Pick one in demand and test it in the marketplace with a small initial investment. If you get traction, double down to make your concept more efficient. He recommends scaling your side hustle by hiring people to run the business for you. Use your freed up time to focus on creating passive income opportunities.