My good friend and mentor Bob Proctor enjoys talking about money, and the strategies for earning it… just like I do.

As a matter of fact, he taught me that there really are only (3) income earning strategies: M1, M2, and M3.

Which category do you fall into?

‘M1’ is trading our time for money, and actually approximately 95 to 96 percent of the population does that. But here’s the thing, it has an inherent problem called “saturation”.

Which means that eventually you run out of time.

Think about it.

You only have so much time, and if you’re trading your time for money, you obviously have a ceiling on what you can earn.

High paid professionals like doctors and lawyers are finally realizing that today. The doctor has to spend more time to earn less money.  So does a laborer.  And so does a lawyer… chargeable hours are the most important words in a lawyer’s vocabulary.

That’s the ‘M1’ strategy that school teaches us, and that we’ve observed our parents’ involvement with for the most part.

If a person becomes wealthy on the ‘M1’ strategy, it’s at the expense of a life. They have to compromise on the car they drive, the home that they live in, the vacations they take, the school they send their kids to, and even the clothes they wear, because they need the money to live.

‘M2’ is an excellent strategy.  It involves investing money to earn money.

Those who understand it, know that ‘leverage’ is a great way to work the ‘M2’ strategy.  However, there are only three people out of 100 who truly understand it, and some of those aren’t very good at it.

Now, ‘M3’… is my favorite without question 🙂

It’s the strategy that wealthy people have always used for generations.  It’s the strategy of ‘leverage’, and approximately 1% of the population use this strategy, but they earn around 96 percent of all the money that is earned.

Read that again – they earn around 96 percent of all the money that is earned!

‘M3’ is multiplying your time through the efforts of others, by setting up MSI’s (multiple sources of income)… which I personally teach my team members and personal coaching students to do.

Personally, I think EVERYONE should in some shape, form or fashion adopt the ‘M3’ strategy, which is exactly why I’ve built my business around it.

But here’s the real kicker which most peeps will never understand!… earning money has absolutely NOTHING to do with the amount of work you put in.

And that’s the real paradox.

I’m sure what I just said will go over 99% of people’s heads… hopefully not your’s my friend 🙂

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By the way, in the presentation below, I explain and break down into further detail the M1, M2 and M3 Income Generation Strategies.

Miles here :-)… hope you enjoyed the video.

Feel free to leave a comment or post a question if you’d like to learn more.

P.S. By the way, if you haven’t yet… please check out the FourPercent Challenge!

It’ll change your life just like it did mine.

~ Miles