Creating Abundance in Real Estate Network (CARENET)
The Official Real Estate Forum of InvestPhil.com
This is a detailed explanation attempt on the cash flow of Create Abundance Core Team. Also this article will help you understand the inter connections of all the business and charitable activities of the CORE TEAM. You will learn the details of the money jar system when you attend the Create Abundance Free Wealth Course.
Once a CA Core Team or Coach receives his or her commission from the Stage 1 Business School, INNOVATIVE FRANCHISING BUSINESS. 50% of it goes to Necessities (NEC). Necessities are the basic needs such as food, clothing, shelter, communication and transportation.
The remaining 50% is divided into Five Accounts or Jars. These are
1. FFA 10% -Financial Freedom Account. This account is for our Stage 2 Income Generating Real Estate and Stage 3 Strategic Investments. The intention of this account is to create Investment Passive Income. This is where Money will Work for Us and makes us more and more money.
2. EDUC 10% - Education Fund. This account is being used for our Stage 1 Business School. This is where the CORE TEAM learns to Create Multiple Streams of Passive Income from Business Systems.
In the Business School we learn the basics and fundamentals of successful B-Quadrant Business. The Education Fund is usually being invested in buying books, attending seminars, and meeting up with coaches, mentors and business team.
In the Business School Stage 1 of Create Abundance Power Investing Plan we learn the following by Doing the Real Thing:
$ Attitudes of Success
$ Leadership Skills
$ Communication Skills
$ People Skills
$ Overcoming personal fears, doubts and lack of confidence
$ Overcoming fear of rejection
$ Money Management Skills
$ Investing Skills
$ Accountability Skills
$ Time Management Skills
$ Goal Setting
$ Systematization
3. LTSS 10%- Long Term Savings for Spending. This is our Savings Account where we use for Contingencies (we don't call it emergency), for our WANTS like buying Expensive Items, Vacations, Debt Repayments, and other Expenses that cannot be Categorized as Necessities (NEEDS).
4. PLAY 10% - The Play Account is for Celebrating, Acknowledging and Sharing our Successes. Because we believe that Success is a Habit, so is Failure, so is Mediocrity. We believe that it is both important to GIVE and to RECEIVE. We use the Play Account in the Community for our Outings, Parties, Get-Awaysand Celebrations.
5. GIVE 10% - The Give Account is for our Charity. We believe that Charity is a Wealth Accelerator. We use our GIVE account to donate, give tithes, give tips, or give for our nourish the children initiative feeding programs. This is where we apply our business skills into Social Entrepreneurship.
In summary, we make money from our passive income businesses, use these money for our needs, investments, personal growth, wants, celebrations, and charity.
Learn more about Create Abundance attend our FREE WEALTH COURSE and find out how you can create and usemoney to serve your higher purpose in life.
"Money is the shadow of your growth"
- T Harv Eker, Secrets of the Millionaire Mind,
The Secret Psychology of Wealth.
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The CA2020™ Business School is the practical application of Rich Dad's The Business School. Here you will Learn, Teach and Engage Yourself and Others How to Get Out of The Rat Race.
© 2012 Created by Coach Rovel Tomambo.