May Income Report — How to Get Rich Longterm?

You know why the rich get richer?

Robert Kiyosaki says the main difference between poor and rich is what a person buys.

He authored Rick Dad Poor Dad where he explains the poor man’s downfall in detail (sort of).

I say “sort of” because he doesn’t really give you a step-by-step blueprint. But Robert does enlighten readers with the BIG PICTURE.

Rich people buy assets while poor people buy liabilities.

The weird thing is that many people buy things with the intention to bolster their status. The irony is that most of those things prevent them from improving their financial situation.

I know a friend that struggles to pay his bills yet still has an iPhone 6.

To me, that’s disturbing.

I know the irresponsible reaction to my opinion is probably along the lines of “YOLO”

Which is true…

You do need to consider short term happiness bursts that can be expensive.

Travelling is a great example of a worthwhile liability. That being said, in some cases, even travelling can be a cheaper liability than rent in your home town. I ramble about using dollars for pesos here.

However, why would you want to struggle for the rest of your life, when you could take steps today that will manifest returns for years to come?

An asset is anything that pays you money. A liability, obviously, is anything that costs you money.

Growing an online business is an asset.

Sure, you may not see big returns in the beginning.

But trust me, over time, all your hard work will start paying off in a big way.

This month, my online business paid me another good sum of money.

To compound my long term results, I used this earned money to invest in an offline asset. Which I’m excited to share below.

This month’s report features:

• The traffic numbers
• The income numbers
• My new offline ASSET
• Future plans

An Insider’s Look at the Traffic Numbers — PIVOT!

I’ll be honest here.

The traffic numbers have stayed around the same for months.

There is a small improvement this month over April’s income report.

I need a wake up call, though.

I’ve been making more money in 2016 than any other year. And it’s left me complacent.

This summer will be a time to experiment with new growth strategies.

If you have a suggestion on how market content, then definitely share your insights in the comments below.

Here’s a look at the blog stats:

A slight bump in traffic on the blog.

Published a few posts this month. The first two talked about FREE.

Might be controversial to some, but I talked about why free websites should be avoided?

That’s not true for everyone.

It depends on the needs of your website. Some people just want a space to journal.

However, if your goal is to actually make money. You need to get paid hosting.

This is a relatively inexpensive purchase, though.

Use the HostGator coupon code get25offyourbill to make it even cheaper.

I always tell people, I’ve been marketing for eight years. I can’t think of a single person that makes good money online that doesn’t have a website with paid hosting.

If you’re serious, get a real website.

That being said, if you just want a place to journal, I published the Top 10 Free Website Builders

You have heard my disclaimer on free, so I’ll let you decide.

My favourite post this month was my review of the 4-Hour Work Week

There’s a lot of discussion about whether just four hours of work per week is a realistic goal.

My answer: Hell Yes!!

I could maintain my entire business on two hours per week.

I don’t care about people that doubt the truth. If you create a business that is mostly passive and automated, there’s no reason why you have to put in long hours.

Want me to teach you how?

Apply for coaching here!

The reality is that a short work week is possible and likely with the right action.

But I digress…

Let’s look at the YouTube traffic stats.

http://goo.gl/6FxUK6

http://goo.gl/6FxUK6