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- Hands-off wealth generation?
Hands-off wealth generation?
The blueprint has been laid out for you.
Yes, you read that right.
Hands-off wealth generation is a real thing.
And it’s probably the most coveted thing you could ask for in business.
Being able to wake up, check your balance, and see the money start piling in all because you have the systems set up to do so sounds like a dream.
And it’s been a goal of mine ever since… well, since I could remember.
It’s amazingly simple, but hardly anyone truly achieves it.
Only about ~10% of business owners ever achieve hands-off income, and the reasons why tell the entire story.
More specifically, there are 3 barriers to entry here:
Work-Life Imbalance:
Most entrepreneurs (starting out) that I know wear all the hats.
Constantly shoveling sand out of a leaking funnel is why they're unable to delegate low-leverage tasks, inevitably failing to build leverage.
No Systems Mindset:
According to Atlassian, 92% of companies lack documented processes.
If constant oversight is required, your income depends on activity, not your assets.
Without SOPs, your team is essentially as effective as a high schooler being thrown into a manufacturing shop for the first time with no previous experience.
Lone-Wolf Mindset:
Most entrepreneurs overestimate their abilities (I mean, who can blame them) and underestimate the complexities of their work.
Which of course leads to not being able to strengthen a team and utilizing new technologies.
The cold, hard truth here is being a lone wolf won’t get you anywhere except a path straight to the bottom.
Now, how do we achieve hands-off wealth generation?
Well, there is no one-size-fits-all solution; every business & person is different with different long-term goals.
But there are some frameworks to follow no matter what industry you’re in.
“You can’t climb the ladder of leverage with your hands in your pocket” –Zig Zigler.
Seems pretty obvious, right?
Wrong.
So many people have this “Head down grind until I reach my goals all by myself" mindset.
Which can only get you so far.
Maybe you’ll get to the bottom couple of rungs of the ladder with just your feet.
But at some point, you need to take your hands out of your pocket (systemize, automate, delegate) so you can keep climbing.
We can also take some advice here from Bruce Lee:
“I fear not the man who practiced 10,000 kicks once, but I hear the man who has practiced 1 kick 10,000 times.”
This takes us right back to the systems mindset.
If you have a system that’s infinitely repeatable (whether it be lead gen, onboarding, SOPs, or fulfillment), you’re able to optimize.
Not only are you optimizing the system itself, but you are also building leverage so that the next kick comes without even thinking or hardly any effort.
I don’t care if you don’t even have employees yet. The skill of documentation will pay 10x down the line.
Whatever business you have.
Whatever audience you’re trying to monetize.
You should be optimizing for 2 critical aspects:
Flexibility & Longevity.
Both incentivize leverage.
Morgan Housel defined wealth as:
“Being able to do whatever you want, wherever you want, with whomever you want, for however long you want to”
Leverage is the tool that will build you this kind of wealth.
I can sit here and write to you all day about how to build leverage, the systems to do so, the problems to solve. The list goes on.
But there is one crucial part I cannot do for you:
Execute.
It’s up to you to take these matters into your own hands and start building the systems that create a money-generating machine.
Until next time,
Your friend,
Hunter.
PS: If you’re currently in the trenches of building a hands-off wealth generation, book a call with me, and we’ll build the systems you need to do so.