Wealth Can’t Wait: Avoid the 7 Wealth Traps, Implement the 7 Business Pillars, and Complete a Life Audit Today!

211 Pages·2017·2.03 MB·English

by  David Osborn

THIS BOOK IS FOR our beloved families, friends, and heroes—our
great mentors, teachers, and business partners who cared enough to
help us on our journey. This book is for all those who have taught us
how to be better people and for those we’ve had the pleasure of
helping. This book is a reflection of all of you. May our collective
wisdom change lives for the better.
To all those who choose abundance.
CONTENTS
Introduction
PART ONE
MAKE THE CHOICE TO BUILD WEALTH
1. A Matter of Choice
2. An Issue of Commitment
3. Avoiding the Seven Wealth Traps
4. Having Courage
5. Having Wealth Vision
6. Building Greater Wealth Naturally
7. The Importance of Having a “Ground Game” and an “Air Game”
8. Asset-Based Living Versus Cash-Flow-Based Living
9. Making It Happen with Ease
10. Taking Responsibility for Your Wealth
11. Dealing with Setbacks
PART TWO
EMBRACE THE MINDSET THAT BUILDS WEALTH
12. Think—Then Grow Rich
13. Think, “What Do I Want in My Life?”
14. Think, “I Am”
15. Think Bigger by Aiming Higher
16. Think 10X and Break through Your Limiting Beliefs
17. Think Differently about the Rules
18. Think “Easy” Instead of “Hard”
19. Think about the Upside AND the Downside
20. Think Without “Hindsight Bias”
21. Think Proactively, Not Reactively
22. Think Positively, Not Negatively
23. Think the Second Thought
24. Think Past the Chatter
25. Think, “The World Is Out to Help Me”
26. Think, “How Could This Benefit Me?”
27. Think, “Let’s Play”
PART THREE
CREATE THE HABITS THAT BUILD WEALTH
28. The Seven Habits that Build Wealth
29. Habit 1: Live Life by Design
30. Habit 2: Make Business Decisions Based on Solid Fundamentals
31. Habit 3: Stick with What You Know and Drill Deep
32. Habit 4: Earn More by Learning More
33. Habit 5: Chunk Down Big Goals and Add Accountability
34. Habit 6: Spend Less Than You Earn and Invest the Rest
35. Habit 7: Let Go of the Small Stuff
PART FOUR
DEVELOP A BUSINESS THAT BUILDS WEALTH
36. Pillar 1—Client Acquisition Is King—It’s the Most Important Skill
37. Pillar 2—Look for Barriers to Entry
38. Pillar 3—Magnify Your Effectiveness and Power through Leverage
39. Pillar 4—Modeling—Identify a Person or Company that Is Doing What
You Are Doing at a Much Higher Level
40. Pillar 5—Invest in Your Area of Core Competence
41. Pillar 6—Use the 80/20 Rule to Drill Down to the Vital Few
42. Pillar 7—Invest in Coaches, Mentors, and Masterminds
PART FIVE
GENERATE THE MOMENTUM THAT BUILDS WEALTH
43. Create Momentum through Flow
44. Create Momentum through Virtuous Cycles
45. Create Momentum through Scale
46. Create Momentum through Health
47. Create Momentum through Environment
Epilogue
Appendix: Take Action and Begin Your Life Audit
About the Authors
Author Q&A
Acknowledgments
INTRODUCTION
BUILDING WEALTH
May the odds be forever in your favor.
—Effie Trinket
Some people are born on third base—they inherit money, marry into wealth, or
win the lottery. The rest of us must hit base hits (and sometimes strike out) in
our journey to build our own wealth. This book is for anyone who wants to put
the odds in their favor. In the pages that follow, we’ll show you how to adopt the
mindset and develop the skills you will need to empower your freedom, create
your future, and build a life worth living today.
We’re privileged to be a part of an extraordinary company, Keller Williams
Realty International, which is the largest real estate company in the world, with
more than 150,000 agents as of this printing. We are Keller Williams’s top-
selling broker-owners, and we joined forces to write this book so we could share
how you can build wealth in all areas of your life.
We’ve divided our book into five parts:
1. Make the Choice to Build Wealth
2. Embrace the Mindset That Builds Wealth 3. Create the Habits That Build
Wealth 4. Develop a Business That Builds Wealth 5. Generate the
Momentum That Builds Wealth Building wealth—as opposed to having
money go through your hands—requires you to make different choices,
think different thoughts, practice different habits, and conduct business in
a different way. These principles and practices work, and we’re going to
show you how to implement them so that you can build wealth, just as we
have.
Building wealth. These two words work well together. Your level of income
doesn’t determine your level of wealth. If you’re not building wealth, then
you’re depleting it. Just as you can build muscle, or strengthen tennis skills, or
tend your backyard into a wonderful oasis, the minute you stop doing these
things your muscles atrophy, your tennis skills rust, and your garden overgrows.
Just like with these activities, building wealth is a process that requires
repetition and consistency to build “muscle.” It’s an application of knowledge to
life that has a built-in feedback loop. When building wealth, you apply your
knowledge through effort or investment. When you do this, you produce results
and you either win or lose. Then you apply what you learned and do it all over
again. Throughout this book, we share the knowledge and tools that will help
you create habits that build wealth.
Having lots of money alone means nothing. Former NBA star Allen Iverson
had lots of money and lost it. Lottery winners have lots of money (and many of
them end up losing it)—but they could preserve it and grow it if they practice the
wealth-building methods in our book. The real journey to wealth, however, is
built upon the knowledge, skills, habits, and relationships that you apply to
money.
In the pages that follow, we share our journey and the lessons we have
learned. These are lessons that people can use to climb their own mountains. If
you are going to cure cancer, launch the next Rolling Stones, or build a new tech
start-up and become a billionaire, please drop this book and get after it. Our
techniques might not be for you, or we might slow you down. This book is for
anyone who wants to put the odds in their favor and wants to build long-term,
sustainable wealth. It’s for the man or woman who says, “I want my life to be on
track to be amazing, unrecognizable from what it is now in five to ten years.”
It’s not about winning the lottery or becoming an instant billionaire.
This book is about building wealth. It will empower you with a set of skills
that will serve you for a lifetime. We can help you create a life that is more
joyous, one that will enable you to work with some talented people and do some
incredible things. We do not have a get-rich-quick formula for you. Instead, we
have a wealth-building formula for you. The journey is yours to take. We can’t
do the work for you. But here’s the good news: It doesn’t have to be “hard”
work. It can be play. By practicing what we offer in this book, you will learn to
thrive and create the life you desire.
Over the years we have built a lot of wealth, and we continue to do so.
We’ve had things go our way and go against us. The greatest thing you can do to
increase your wealth is to further your knowledge of wealth. The skills we share
here are not just important; they are crucial to building wealth. In this book, you