Below are my notes from our convention last April 8, 2018. I divided them into 3 parts. Part 1 and 2 are the learnings. Part 3 will be all about the announcements and latest updates. :)
"Every IMG member you make is a soul you save." -Rex Mendoza
Random Notes from Rex Mendoza:
People who are ignorant about inflation:
Person 1: Okay na ako sa banko, guaranteed naman.
Investor: Guaranteed? Guaranteed to lose. Haha
Investor: Inflation bes.
There are only 2 types of debts:
Good debt vs. Bad debt -- Wag ka uutang para lang sa bagay na di mo naman kailangan sa buhay mo.
Before - You buy insurance to protect your family from estate.
Now - You buy insurance to create estate/wealth for your family.
Which one do you want?
Active Income = Getting paid for time --- No time freedom plus very limited income.
Passive Income = Getting paid for results --- You're the boss, you can dictate the results and your possible income.
Practical Wealth Planning Strategies -- Simple Steps To Wealth Creation:
1. Expand your earning potential.
This is a better solution than just cutting your expenses. At least you’re still able to enjoy.
2. Maintain a lifestyle lower than your income.
3. Accumulate and grow what you can keep.
(Invest your linear income so you can earn exponential income.)
4. Do it with purpose. Always anchor everything on what truly matters.
5. Maximize and optimize, then share your bounty with others.
Keep on exceeding your potential.
6. Enjoy the process.
7. Strive for growth and serve more people.
SHARING FROM THE NEWLY PROMOTED GREEN JACKETS
On Building the IMG Business:
On Building Your Belief In IMG:
Continue to Part 2.