I am now in progress of designing the perfect blue print based upon over 150 youtube videos watched, 25 seminars from gurus watched, 45 audio books from audible listened to and my own life experiences.
It is important to realise that money is the last thing on the list when looking at joining the Billionaires list. It is not about the money, it's about becoming a person of certain standards. It is a process that begins from the inside out.
This must all start from a choice, a choice that then needs reinforcing until that choice becomes belief and a fanatical feeling of certaininty inside. This can only be acheived through constant reinforcement. After the choice has been made, self-worth needs to be increased. This is having the deep and utter vibration of feeling at a subconscious level that you are worth more.
The choice then needs to have direction and focus. The first mid-term goal is to make 6 figures a year. This can be done through incremental income increases, reducing liabilities and reinvesting money.
Once incremental increase has been acheived, using those funds to multiply (not add) to existing income streams with similar tasks is a must. Outsourcing all of the work is a necessity as well. Value time more than money and you will have more money than you can ever imagine! Get the most from your time.
As income streams increase, eventually you will have the status and foundation to approach angel investors for leverage. Approaching these, you can look at acquiring larger properties as rentals and acquring successful businesses that are already working. Income will grow expotenially from this point.
As income increases more and more, and as you work on your skills and self worth, eventually you will need a team to help you get there. Mentors will be important from day 1 but paying for private mentorship can be done later on.
In a nutshell, the process goes as follows:
1.) Make the decision and reinforce it daily.
2.) Increase feeling of self-worth from looking after yourself mentally, physically, socially and spiritually.
3.) Increase income initially in increments, invest the excess to grow assets.
4.) Once you have substantially asset increase and some money behind you, leverage other people's money (OPM) such as Angel Investors to acquire larger properties (commercial and appartment blocks) as well as acquiring businesses that are already functioning well. This increases net worth in surges.
5.) Rinse and repeat diversifying income streams to help build security
6.) Remember the importance of having a team to support you along the way.
Keep it simple, keep it gradual and consistant yet scale and leverage where possible. This will have some challenges along the way but it is never about a complex plan, it is about how you execute simple steps to achieve wonders. It is all in the execution and that is what I will be focusing on moving forward.
Here's to your wealth, health and spirit moving forward!
It's true what they say, hang around people long enough and they start to rub off on you (ermm.. no dirty minds thank you).
After attending the 10x virtual conference held by Grant Cardone, and speaking to all those successful business owners I have been listening to content and watching videos embracing the energy of millionaires to the point where I took it up one step further.
Grant Cardone, in the 10x rule book, was constantly saying to think bigger and act bigger to achieve your goals. Well, here it is ol' Granty Boy. Day one of the Billionaire Blog.
Why Become a Billionaire though?
Because my life depends on it, quite simply.
Money is time, time gets more money, money brings more choices and choices is health. If you aren't rich, you eat crap, live in polluted stressful environments and work your butt off with high stress for fairly low pay.
Lifestyle and environment will kill you eventually if you don't work to change it. The health benefits of the rich and lifestyle cannot be ignored.
1.) Increase income through small increments however possible (more sales, sell items at home, trading on forex and stock markets...etc)
2.) Save incremental spare money into Dividend Growth stocks and ETFs. This grows it to bigger pots.
3.) Take these big pots, invest it into Residential and Commercial Property deals relying on Property Sources performing hands-off investments.
4.) Compound the above constantly reinvesting it growing cashflow more and more.
5.) Eventually, purchase exisiting businesses that are doing well and maximise cashflow from these
6.) Performing public speaking and mentoring for others
7.) Make it to the big billi' mark
Bookmark this page (ctrl+d) and keep checking back. This should be a fascinating journey!