Feb 23, 2021
OVERVIEW:
Jason A. Duprat, Entrepreneur,
Healthcare Practitioner and Host of the Healthcare Entrepreneur Academy
podcast talks about
how to create wealth in today’s
economy, including the two ways to do this and the three types of
people who create wealth through their assets.
EPISODE HIGHLIGHTS:
- The right way to create passive
or semi-passive wealth is to create multiple assets vs trading your
time for money or ‘working your ass off.’
- There are three categories of
people with assets: creators, controllers, and owners.
- Creators generate revenue using
their mind to build or create something. Examples include online
courses, coaching and consulting in a group setting, intellectual
property and white label services.
- Controllers generate revenue
through syndication - in other words they don’t own the assets but
they control them. Examples here include managing an Airbnb,
affiliate marketing and drop shipping.
- Lastly, owners generate revenue
through ownership of real estate. Property examples include car
washes, storage rentals, laundromats, Redbox and rental
properties.
- The sharing economy is taking a
liability and turning it into an asset, like renting out your
background, pool, barn or garage for an event.
- Peer-to-peer lending, often
referred to as social lending, connects people or entities who are
willing to loan money with people who need to borrow
money.
- To craft wealth, change your
mindset from consumer to employee. Think like an entrepreneur or
producer vs consumer.
3 KEY POINTS:
- Create passive or semi-passive
income through multiple money-making assets vs based on the hours
you work.
- There are three categories of
people with assets to accelerate wealth growth: creators,
controllers and owners.
- Leverage your time to
accelerate growth.
TWEETABLE QUOTES:
“If you’re making it (money)
with your ass, you’re trading your time for dollars...the only way
that you can make a dollar is to sell hours of your skills and life
to an employer,and that is extremely limited.” - Jason
Duprat
“Basically, you can take what
used to be your liability, something that used to be a cost to you,
and help either reduce the liability or just flat out turn it into
an asset. This is called the sharing economy.” - Jason
Duprat
“You do not have to be on the
consuming end. If you are on the producing end, if you’re adding
value to people, that’s where the real wealth is generated. That’s
how you become wealthy in today’s economy.” - Jason
Duprat
RESOURCES MENTIONED:
Hip Camp Website:
https://www.hipcamp.com/
Spacer Website: https://www.spacer.com/
Turo Website: https://turo.com/
Lending Club Website:
https://www.lendingclub.com/
Street Shares Website:
https://www.streetshares.com/
#HealthcareEntrepreneurAcademy #healthcare
#entrepreneur #entrepreneurship #createwealth
#generatewealth
#accelerategrowth