Let’s have a look at the New Rich Triangle. While going through this, keep Your FF Map in the back of your mind all the time. See how the NR Triangle links to Your FF Map.
The New Rich ask themselves THREE Questions. And the answers to these questions change all the time. And because the three questions are tightly interlinked by the triangle, they are fluid and have a big influence on each other.
The FIRST question you need to answer is: WHAT DO I WANT?
There are 3 categories to your answer:
Firstly, what do I NEED:
These are the following:
Once you have MR GP IS (Multiple Recurring Growing Passive Income Streams) that cover your NEEDS, you are Financially Free. Then the fun part starts:
Secondly, what TOYS do I want?
These are totally subjective. For every person this is different. She will look at things like:
- Fancy cars, boat
- Louis Vi-ton handbags
- Big house
- Holiday Home
- Wine farm
and thirdly, what MEMORIES do I want?
- Overseas trips
- Big family
- Cross the Atlantic with in a Canoe
Anything you can dream of.
The NEXT question: What do I have, you have already answered in the First Video.
Then the THIRD corner of the NR Triangle, you look at your ENVIRONMENT.
Where are you? In which part of the world?
How deep are you stuck in the Rat Race?
How much free time do you have?
What are you family commitments?
What’s the economic situation?
Where are we in the economic cycle?
Where are the current opportunities?
The questions here are endless. NR will observe widely, but focus on the areas that he can exploit for his future benefit.
Remember that the three corners of the Triangle are very fluid: things change all the time. So revisit the Triangle Regularly and change your strategy as things change. Also remember that the three questions are LINKED by the Triangle. So changes on any corner affects the other corners immediately.
Next you’ll notice the lever across the NR Triangle. This is your link with YourFFMap. The NR create MR GP IS, by leveraging small amounts of their Money and Time, with the use of OPM, OPT and OPS.
We will look more closely at this in the next article.
I hope you’ve enjoyed, and learned from the NR Triangle. Please comment below, or post a question: I’ll personally reply to as many as I can.
Until then, remember, Your Time is Precious: use it wisely.
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