Yes, this is a module that we all want to be in. If you're in the element of success then we want to give you the tools necessary with New Success Path to move you from success to significance. This is the typical scenario and characteristics for someone who is financially successful now, even in this new economy that we’re forced into.

Typically these type people have really good educational skills, or specialized skills: that would be like a business owner who has specialized system skills. This would be someone who's living in a nice home, with nice transportation, and able to do anything they need to do to keep their families going in a very comfortable lifestyle.

Typically, this would be a situation where you have good management of your cash flow. Your cash flow engine is very healthy. You have a significant amount of income so you’re able to cover your basic expenses pretty easily. It gives you an easier time to develop that positive cash flow at the end of the month for your cash flow engine.

Now the question is, “What do you do in order to move from the Success level to Significance level?” The main difference is the development of income producing assets. We’re going to  just a touch on the anger issues, because most of the anger issues of gone away at this stage.

If you remember, back in the survival stage you were really angry and depressed at your plight in life, and where you were in life, that you just couldn’t really break out? Then, remember as we moved up from the Stagnation area and into the Striving area, all of a sudden the anger shifted and became more of the anger at the government and its foolishness and how the government has no clue as to how to solve our massive economic problems.

So, now the anger is mainly because the government is trying to overspend its way out of trouble and just trash the value of the dollar for your children and grandchildren. That's really the anger now, that is the government stupidity with their solution and that it will definitely destroy the dollar in its wake.

Now short-term for yourself and your family it’s not that big of a deal, because even if the government trashes the dollar it's not going to affect you nearly as much as it’s going to hurt your children and grandchildren since that's where it really snowballs.

It is the worst tax of all, a whole lot worse than income tax or any other kind of tax, because hyperinflation just devastates people. So that would be the Anger part.

So we’re going to move past the Anger part and get more on the development of income- producing assets. That comes primarily with going to a higher level of business systems management. If you remember, back in the striving mode you were going to develop some business systems and take a business systems approach. Even if you are not a business owner your job is still as a business system. We’re now going to take that to a higher level. We’re going to make sure that your business system is fine- tuned to maximize your monthly cash flow.

If you're a business owner you’re going to have a business system fine-tuned to the point where it's so stable that you’ll be able to incorporate other elements. Now, let me stop being generic and let me be more specific. If you have a business that has to rent a place to operate, such a retail business and you have to rent a store front, or let's say it's a office type business and you have to  rent an office, or let’s say it’s a construction type business and you have to rent a warehouse, if there's real estate involvement and you have to pay rent for the use of the real estate, why shouldn't you be your own landlord? 

The real estate can be a wonderful income- producing asset for yourself. So, if you have a business and it rents the building from you, that is an income- producing asset. So, if you were to sell that business down the road you would still get the income from that rent. Or, if you were to pass that business to a future generation, or if you were to just sell the business to go to another city, and you could bring another tenant into that building and still generate the income producing asset.

That building, that real estate would be an income producing asset. At that point you can even use leverage. In other words, you can even put a mortgage on that building.

Now the fallacy that we've had before 2009 is that real estate always goes up. Real estate never goes down, and so if you can get a 100% mortgage, good for you! Maximum leverage!  Minimum down- maximum leverage on income producing assets!

In today's economy that's not very wise. You need to make sure you have adequate equity in that property so that if there was a downturn, or if this downturn was to sustain itself for any period of time, you would still have the cushion to be able to continue.

So, that’s just one example of an income- producing asset in conjunction with a business.  We will have additional modules that will actually talk about each individual income -producing asset for you. So stay tuned for those modules because that'll really help you. 

The goal to move from success to significance is to get more and more of these income- producing assets. The more that you can get and keep adding them up on a cumulative basis, to were at some point the bulk of your income is coming from those assets instead of from your day-to-day efforts.

Okay? This is Ray Noftsinger with  New Success Path.com. The next module is moving from Success to Significance.