#357: Are You a Creator, Controller or Owner?

<p><strong>OVERVIEW:</strong></p> <p>Jason A. Duprat, MBA, CRNA, Healthcare Practitioner, and Host of the <em data-stringify-type="italic">Healthcare Boss Academy</em> 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. </p> <p> </p> <p><strong>EPISODE HIGHLIGHTS:</strong></p> <ul> <li>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.'</li> <li>There are three categories of people with assets: creators, controllers, and owners.</li> <li>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. </li> <li>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. </li> <li>Lastly, owners generate revenue through ownership of real estate. Property examples include car washes, storage rentals, laundromats, Redbox and rental properties. </li> <li>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. </li> <li>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. </li> <li>To craft wealth, change your mindset from consumer to employee. Think like an entrepreneur or producer vs consumer. </li> </ul> <p> </p> <p><strong>TWEETABLE QUOTES:</strong></p> <p>“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</p> <p>“Basically, you can take what used to be your liability, something that used to be a cost to y