Unscripted: Life, Liberty, and the Pursuit of Entrepreneurship pdfdrive com

THE SI
X
 LEGACY VALUE SYSTEMS
There are six legacy value systems, each capable of passive income. Some are
more autonomous and hands-off, while others require more babysitting,
sometimes for years. In order of legacy strength, they are:

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Money Systems
Via the capital-principle, a 
money system
is the kingpin system, and it’s our
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goal. Legacy strength and passivity are the strongest, although
traditionally speaking, it isn’t a business. Essentially, a money system is a capital
rental business—regular and recurring income from your investments: interest,
dividends, notes, option sales, and partnership income.
Within (TUNEF), the money system is our end goal because it is ridiculously,
jaw-dropping passive. Much of my yearly income is derived through a money
system. And if I wiped clean my entrepreneurial endeavors, my money system
earns enough to live well, far beyond survival. Every month, without regular
intervention, management, or oversight, I receive thousands of dollars in interest
and investment dividends working around the globe. My management of these
affairs amounts to hours per year.
Unfortunately, a money system and its corresponding instigator, compound
interest, are not very effective at creating wealth or income unless leveraging a
large sum. Remember, using compound interest as a wealth creator is a
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tenet. The entire plan is theoretical because it dismisses life
expectancy, economics, and market returns. However, we, the 
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,
don’t use Wall Street to fund our money system; we use our business.
My business and its large explosive income (as well as liquidation events)
grew my money system, not stocks, bonds, or mutual funds. A money system
leveraged against a tiny pittance is a limp dick in a whorehouse. With $1,000 and
5 percent interest, you couldn’t pay half your cell phone bill. And yet, 5 percent
on $10 million is a nice comfy $500,000 per year. That's right, a whopping $500K
per year, and that’s 
without touching the principal
. When it comes to money
systems, it definitely takes money to make money.
Compound interest doesn’t take the stage until we’ve earned and saved a
large enough amount to make it famously impactful. Every dollar saved NOW is
a soldier fighting the fight of “fuck you” LATER, giving you the increasing
probability that work remains optional and life is lived on your terms. In Chapter
48, I dig into money systems further.

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