The Ladders of Wealth Creation—a step-by-step roadmap to building wealth:
Making money is a skill—like playing the drums or piano—that you can get better at over time.
I wouldn’t expect to be able to sit down at a piano for the first time and play a concerto. The same is true for making money.
This is why most first companies fail.
The Ladders of Wealth Creation breaks an insanely complicated topic of building wealth into the component parts and skills to give you a roadmap of what to do first.
Look at this graphic, then we’ll break down each step.
Ladder 1: Time for Money
The first ladder is trading time for money. This is how most people you know earn a living.
It may start with an hourly job working for Starbucks, but then transition into a salaried position working at a company.
The skills for success are simple, but critical:
1. Show up consistently
2. Being reliable
3. Eager to learn
Every job requires those three things.
To climb the ladder to a salaried position you need to specialize in certain skills (design, copywriting, legal, nursing, etc).