What came to your mind when you read this title? When I here strengthen your CORE I think about working out and getting my mid section in shape. Maybe I have done too many P90X workouts and I am brainwashed, however I am sure many of you had similar thoughts. In reality what I am speaking of is very similar to strengthening your mid section. Core workouts are very important to the body because all motions we engage in on a daily basis stem from our core muscle groups. It doesn’t matter how strong your biceps are, or how cut your calves are, if your core is not in shape to support these muscles you are sure to experience injury.
Similarly, our success and earning potential is built around our CORE values / thoughts. Just like the core muscle groups in our body must be strong in order to support the activities we want to enjoy in life, our CORE values and thoughts must be strong in order to accomplish our goals and dreams. Robert Kiyosaki explains it best in his book Rich Dad Poor Dad. This, by the way, is a must read and is the starting point for anyone interested in becoming wealthy and living a life of financial freedom. In his book he explains the Cashflow Quadrant, a very simple yet life changing concept if put into practice.
The Cashflow Quadrant is made up of the following:
E – Employee
S – Self Employed or Small Business Owner
B – Mid-size to Large Business owner
I – Investor
The CORE values of these four quadrants are as follows:
Employee – core values are a safe and secure job with benefits, safety and low risk are at the CORE
Small Business Owner or Self Employed – If you want it done right you must do it yourself, this CORE belief / value limits the ability to grow past the hours the owner has in the day
Big Business – Looking for a good system, good people and smart people to work for them, leverage, belief in others, creating a team to take earnings to the next level are at the CORE
Investor – These are people that have money work hard for them, using money to make money and leveraging time and resources to enable financial freedom are at that CORE
As mentioned before if your CORE is not in shape, then it will be very difficult to achieve the earnings you dream of. The left side of the quadrant share similar core values such as safety, security and do it yourself to get it done right. The right side of the quadrant share similar values as well such as systems, delegation, passive income, leverage and let your money or other people make money for you. Which side do you think earns the most income? You guessed it, the right side of the quadrant.
It’s never too late to change your CORE. Just like losing weight and getting in shape, your CORE values and thoughts can be changed over time. Self education, surrounding yourself with individuals in the B and I quadrants, and making small daily decisions that lead to change are all great steps to strengthen your CORE. Do not allow your current values to hypnotize you into believing the false sense of security / safety of the E and S quadrants! There is no greater freedom and safety in finances than knowing your money is working for you 24 hours a day and your time is leveraged while helping those around you reach their goals!
Please leave a comment with your thoughts on what quadrant carries more risk.