One personal crisis…a global economic depression...or pandemic away from losing the income…an entire client base...and take a TSUNAMI type destruction financially.
I’ve seen more fortunes get wiped away from the banks of some of the brightest, most famous “experts” who made a great living as consultants, speakers, and coaches…
...but did NOT own equity and receive distributions monthly from businesses they had helped along the way.
The private jet pictures become a sad memory...homes sent into foreclosure…marriages ended...and the “guru” begging to get back on seminar stages for pennies of what he or she was paid a decade prior.
You don’t have to believe me…I’ve seen it a million times...and have personally experienced glimpses of this myself.
Which is why I vowed to NOT become the “Dancing Bear” on the stage who only was paid WHILE dancing.
I owed it to my wife, my kids, my partners, and my future vision! (and so do you)
Just recently, a very well-known high-paid consultant, who also ran an agency, passed away suddenly way too young.
His wife left scrambling.
The income was high…but the Net Worth was not.
Without Recurring Revenue that DOES NOT depend on your monthly efforts or inputs...and equity that runs without you...you are vulnerable.
Especially right now with the economic uncertainty looming off in the distance.