The two-hand theory to building your fortune through property
We all know that to live a healthy, fulfilled life, one has to find balance. Balance between work and play, exercise and rest, spending time with people and spending time alone. So, what if we applied this theory of balance as the key to living a wealthy life?
This is what I call the Two-Hand Approach to building wealth, and it’s been one of the most popular topics amongst audiences at our seminars. Before I became an investor, my idea of becoming financially successful was to work hard on my income with my two hands and my time. And my idea of being a millionaire was to save a million dollars. Without the benefit of experience or expertise at that time, I thought it sounded good on paper, when in reality, it was not a particularly smart or strategic plan. I soon discovered that while on the one hand, I was working harder and harder on my income- producing capabilities, it became clear that there was always going to be a limit as to how much I could earn.
On the other hand I was also spending more and more money, which meant my goal of saving one million dollars was getting further and further out of reach.
Like everything I do in my life, if something is not working, I look for another way, a better way to make things happen.
That’s when I discovered that real financial success comes from two very crucial elements: cash flow and asset building.
This is the Left Hand/Right Hand approach.
Left Hand = Cash Flow
Cash flow is your physical capability to generate an income, that is income based on your physical input and time.
Right Hand = Asset Building
Asset building is buying something that is appreciating in value and generating income for you at the same time, such as investment properties.
Without the knowledge of cash flow and asset building, and the importance both of these factors play in wealth building, most people only focus on the left hand -working hard to build their income.
