๐—œ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ฎ ๐—น๐—ผ๐˜ ๐—ผ๐—ณ ๐—ป๐—ฒ๐˜„ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป๐—ฎ๐—ถ๐—ฟ๐—ฒ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐˜€๐—ผ๐—ผ๐—ป ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป๐—ฎ๐—ถ๐—ฟ๐—ฒ๐˜€ ๐—ถ๐—ป ๐—บ๐˜†...

@Ernestofweb3
Ernest๐Ÿงฉ๐Ÿ–ค@Ernestofweb3
9 views Jan 21, 2025 ~2 min read
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๐—œ ๐—ต๐—ฎ๐˜ƒ๐—ฒ ๐—ฎ ๐—น๐—ผ๐˜ ๐—ผ๐—ณ ๐—ป๐—ฒ๐˜„ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป๐—ฎ๐—ถ๐—ฟ๐—ฒ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐˜€๐—ผ๐—ผ๐—ป ๐˜๐—ผ ๐—ฏ๐—ฒ ๐—บ๐—ถ๐—น๐—น๐—ถ๐—ผ๐—ป๐—ฎ๐—ถ๐—ฟ๐—ฒ๐˜€ ๐—ถ๐—ป ๐—บ๐˜† ๐—ง๐—Ÿ

In this space, a lot of people make money and eventually loose everything.

This is because it's not just about making the money, it's about finding the perfect balance between spending and investing for more returns.

My solution to this is ๐“๐‡๐„ ๐–๐„๐€๐‹๐“๐‡ ๐“๐‘๐ˆ๐€๐๐†๐‹๐„

So let's talk about the wealth triangle.

(Before you start, make sure you've turned on Notifications to my post cause I post alphas like this Daily).

๐“๐‡๐„ ๐–๐„๐€๐‹๐“๐‡ ๐“๐‘๐ˆ๐€๐๐†๐‹๐„

There are three money principles you need to know not only to get rich but to stay rich

To know these principles you need to master the wealth triangle

The wealth triangle has three strongholds

โžฉ A High income skill
โžฉ A Scable business
โžฉ A High return investment

Let's take them one by one.

โž  ๐€ ๐‡๐ข๐ ๐ก ๐ข๐ง๐œ๐จ๐ฆ๐ž ๐ฌ๐ค๐ข๐ฅ๐ฅ

A high income skill is a skill that has the potention to make you over a hundred thousand dollar a year (that was the best way I could explain lol ๐Ÿ˜‚).

That way you are selling your time for money.

The high income skill gives you stable income and wealth.

It prides that stabling needed in your wealth triangle.

There are already so many high income skills in web3 so choose a niche and make the best of it.

Next is;

โžฉ ๐€ ๐ฌ๐œ๐š๐ฅ๐š๐›๐ฅ๐ž ๐›๐ฎ๐ฌ๐ข๐ง๐ž๐ฌ๐ฌ

A scalable business is a business which you can grow without having a lot of people or building lots of infrastructures.

For example;

A restaurant is not a scalable business because to open it you have to build infrastructures and employ lots of workers.

Examples of scale businesses are;

โž  E commerce
โž  Fitness centres or Gym houses
โž  Saloon
โž  A clothing store.

The scalable business therefore provides you with steady cash flow

Lastly;

๐€ ๐ก๐ข๐ ๐ก ๐ซ๐ž๐ญ๐ฎ๐ซ๐ง ๐ข๐ง๐ฏ๐ž๐ฌ๐ญ๐ฆ๐ž๐ง๐ญ

A high return investment is an investment that will provide you a 10% profit return or more every single year.

You invest a lot of money into it so the returns yearly are sizeable.

It also helps you build your network

Examples of a high return investment.

โ˜ฏ Real estate investment
โ˜ฏ Buying cooperate stocks and bonds
โ˜ฏ Treasury bills

So let's rephrase;

A High income skill involves you making money, the second involves people making you money while the last is your money making you more money.

If you follow this simple 3 step path I just laid out for youโ€™re you'll be able to grow your income quite quickly.

You'll dramatically accelerate the process of building true and long term lasting wealth

By sharing this model with you, I hope to provide you with a practical course of action when you start earning from your high income skill in web3.

Like and comment and share so others can see this.

Someone might need this on your TL.

Follow and turn on notifications for more alphas like this ๐Ÿ“

Ernest out๐ŸŒ๏ธ
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