Take Control of Your Financial Destiny: The Magic of Being an Insider

Are you trying to get rich by working a job? How is that working for you? The primary way to get rich by being an employee is time. 

When exchanging time for money, you don’t have the benefit of using leverage. One hour of your time is worth one hour of salary.

So how do we stack the odds in our favor? How do we take control of our financial destiny and escape the rat race? We must become “insiders.”

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What is an insider? The term insider gets a bad reputation because of shady people doing bad things. So let’s push that thinking out of our minds. 

An insider is someone who controls the outcome of their financial situation. This simply means you can “pull levers” or “push buttons” that can affect your profits or cash flow. 

I first read about being an insider in “Rich Dad’s Guide to Investing.” Since then, I have put myself in a position to control much more of my financial destiny. 

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Example of being an insider. If you are an employee, it is tough to imagine how an insider differs from you. But, let me ask you a question. Can you give yourself a raise?

I can give myself a raise by increasing rent on my rental properties and rental rooms, releasing more books, or creating an online course. 

I became an insider by starting a blog, publishing books, and renting rooms. As an insider, I can adjust my cash flow to keep up with inflation. 

Living on a fixed income. The problem with being an employee is waiting for someone else to increase your wages. I recently paid $6.30 for a gallon of gas.

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Gas prices in California went from $5.30 to $6.30 in less than a week. How can I keep up with this type of inflation?

I immediately need to adjust my budget to reflect this shock to the system. I need to start driving less and cut spending in other places. Maybe I need to cancel Netflix or Hulu.

But I can only cut so much before I start bleeding. I need to increase my cash flow to meet these new demands on my money.

Exchanging time for money. An employee mindset will tell you to work another job or join the gig economy to increase your salary. 

I want you to fight this urge. You need to create opportunities that give you leverage. We cannot leverage time for money because we only have 24 hours per day.

“The Millionaire Fastlane” gives us examples of various avenues to increase leverage. The fastest of these methods involves using the internet to reach many people simultaneously. 

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The internet, Metaverse, and social media can give us leverage by allowing us to make money 24 hours a day while doing something else. 

Gig economy vs. Insider. Let’s dive into an example of using your time to become an insider. I will use being a writer as an example. 

Let’s say my gas budget went up $200/month, and I need to find a way to cover that expense. I decided to write an article for a website as a freelancer.

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I go through a site like Upwork, which takes a cut of my profits. The website pays me $100 for every article I produce, so I decided to write two monthly articles.

I can now cover the gas price increase—I am good to go. However, within six months, my gas budget added another $300 because my employer moved further away.

I now need to write three more articles for a total of five articles a month. With the recession, Upwork has started to charge more for services, and the website pays me $80 instead of $100.

I need to write six articles a month to cover the increase in $500 of gas. As you can see, depending on someone else forces me to lose control of my time. However, there is a better way.

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Become an insider. Instead of writing for another website when gas prices increase, I start a blog. I invest $500 into creating a blog and taking an online course. 

While starting my blog, I got a roommate that pays me $600/month. I write three weekly articles for a year, earning an average of $100/month.

However, going into my second year, a few blog posts became popular through Google Search. I started earning $300/month from Google Ads. 

Gas prices spike again, and my gas budget increases by $400/month. I raise the rent on my roommate by $100/month.

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Instead of writing more articles, I add affiliate links to popular articles. These links give me an additional $200/month in completely passive income.

I also add some print-on-demand merchandise to my website. This merch generates $100/month to my bottom line.

My popular content gives me a clue to more value I can add to my blog. I released an online course to dig deeper into my customers’ issues.

It takes me two months to create the course, and I am selling it for $50. I host it through an online content store that takes 30% of the profits.

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My online course earns me $1,000/month in passive income. I also decided to bundle my most popular content into an ebook format and sell it on Amazon. This book generates $200/month in passive income.

Did you see the difference? Did you see how many money-making opportunities were available once I became an insider?

It doesn’t just have to be online; however, everything should have an element of online or social media. This is how you reach the widest possible audience. 

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If you start a vending machine business, you have leverage. You can add a high-ticket, high-profit item to your machine. If it sells well, you can add more high-profit items and make more money.

If you start a herb garden, you can grow rare herbs that sell for a massive profit. There are countless ways to increase your income once you become an insider.

Conclusion. It takes time to build the mindset of an insider. I had to read 20-30 books before I even began to comprehend what it means to have control. 

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If you haven’t guessed, this information is not freely floating in the wilderness. You have to dig it up and build it yourself. The new world order doesn’t want you to think freely.

I have seen firsthand how fast gas prices can increase. You must have a way to counter these increases and offset them long-term.

If you want to take control of your financial destiny, you must build something. Create a business that produces multiple streams of income; that’s how you become a successful insider. Good Luck!

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Disclosure: I am not a financial advisor or money manager, and any knowledge is given as guidance and not direct actionable investment advice. I am an Amazon Affiliate. Please research any investment vehicles that are being considered. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it.  I have no business relationship with any company whose stock is mentioned in this article. All Right Reserved Military Family Investing