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There’s a reliable progression that anyone can take to earn more and build wealth.
Three unique shapes of increasing income
Three unique shapes of increasing income
Staircase:
This is how most people create wealth, trading time for money.
Income remains flat until it increases in a stair step from an event (e.g. a raise, rental property).
You won’t have unlimited upside, but over 40+ years it is one of the most reliable paths to wealth.
This is how most people create wealth, trading time for money.
Income remains flat until it increases in a stair step from an event (e.g. a raise, rental property).
You won’t have unlimited upside, but over 40+ years it is one of the most reliable paths to wealth.
Linear:
Income increases steadily over time. This could be from selling more products or growing a customer base. It isn’t exponential because traffic is still the bottleneck.
E.g. selling digital products (an ebook, a video course) where sales increase as traffic increases
Income increases steadily over time. This could be from selling more products or growing a customer base. It isn’t exponential because traffic is still the bottleneck.
E.g. selling digital products (an ebook, a video course) where sales increase as traffic increases
Exponential:
Income increases exponentially over time. Sales may start slowly, but at scale growth accelerates as referrals kick in.
May take months or years to reach any kind of meaningful revenue.
E.g. a marketplace or social network service
Income increases exponentially over time. Sales may start slowly, but at scale growth accelerates as referrals kick in.
May take months or years to reach any kind of meaningful revenue.
E.g. a marketplace or social network service
Each path requires different skills and experience.
Remember making money is a skill and you can get better at it over time.
Remember making money is a skill and you can get better at it over time.
