How To Create Wealth Without Spending Thousands Of Dollars On Courses
I see more and more people interested in Wealth now a days. This is awesome, but I see many people still struggling to get it right. Do you do ecommerce, shopify, wholesaling, flipping, residential real estate rentals? There are many options.
In fact, I was talking to my good friend Matthew Lindsay, Owner of Precision Home Group about this very thing. Matt is a client of mine and is on track to sell $50 million worth of real estate in his 3rd year in business. Matt and I discussed that most people tend to fall in love with a concept rather than an outcome. What I mean by this is that all of the options I mentioned earlier (shopify, flipping, real estate) are all just concepts of how to create wealth. Theoretically they could work, but until then, it’s just a concept.
You see, concepts don’t create wealth. Executing consistently with a proven system does. You don’t need to spend thousands of dollars on courses and business opportunities to learn the ultimate concept to create wealth. I’ll share it right now!
Gain knowledge about money. First things first, you are going to do a lot of learning. Before you ever invest, start a business, or do anything that will create wealth you will need to truly understand how money works. I’ve met countless clients who hear a podcast or watch a youtube clip (which is really just marketing) and come away dead set on investing in a certain concept. Whether that be single family, turn key real estate or click funnels. These people don’t actually understand how money works. They are just excited about a product or service and feel very certain at the moment because of how good the marketing was. Then they meet with me and I tell them how money works. Not how a product works, but how money works and after learning this, they reconsider their choices altogether because they have new information. I have a set of 27 books and courses that I recommend to my clients that teach them how money TRULY works. 27 books and courses? Sounds like a lot right? Not really when you compare it to the amount of other information you’ve consumed in your life that will not make you wealthy.
Make more money. AKA sell! Most people have two responses to this. First, is “I already know how to sell”. Second, is “I don’t want to/need to sell”. If either of these were true, you’d already be wealthy and probably not reading this article. Money invested, must first be earned. If you can’t sell, you can’t increase how quickly that money comes in which leaves you with no control over your wealth. You may think a salary or hourly wage exempts you from sales but the reality is you are still selling. You are just choosing to sell your time for money (which is a ripoff) because you are that bad at sales. The wealthiest in history have all been in sales and anyone who hates sales also hates income, which is required for wealth. Find something ethical to sell that has margin, volume, and the right leadership and go all in.
Keep more money. This is the lynchpin. The wealthy keep 40% of their gross income and set them aside into sacred accounts. You can retort, justify, or make excuses for why you cannot, but I’m just going to state the fact. The wealthy do it. Again, you have your reasons not to and the wealthy do it. If the wealthy do it, it works. The facts are the facts. Doing this is the only way to convert your income into wealth. Even if you’re in the stage of your business where you are reinvesting, save 40% and then reinvest it. Ways you can keep more money are to increase your income, reduce your debt payments to the minimums, drop your insurance costs, have less taxes withheld from your income, and to cut your investment contributions at work. Most people can free up upwards of $1500/mo just by doing this. You can also keep your money in life insurance and gold & silver bullion so that you can protect yourself from currency devaluation and gain growth while you keep it.
Multiply what you’ve been keeping. This is the part that everyone focuses on, but really it doesn’t happen until last. You see, you don’t invest by saving $100/mo in a mutual fund at 12%. That doesn’t actually exist. To invest, you must buy income producing assets, save the cash flow, and use it to acquire more. This will incrementally buy your time back as you build cash flow. The deal is, you need at least $50,000 to get in on something even entry level for these types of investments. In most cases you actually will need closer to $200,000. This is why you need to keep more money (40%). The less money you keep, the longer it will take you to get there and the less and less chance there is of you becoming financially free.
You see, these concepts are proven. Spend 2 hours or more per day studying about wealth and money, learn to sell, save 40% of your gross income, and then invest it into income producing assets. This is a plan anyone can do and it takes no explanation or special courses at all. But, it does take a strategic plan and a tactical plan. What books and courses will you study? Who will teach you to sell and what will you sell? Where will you keep the money at and who will help you establish that? Where do you invest and who will help you with that? These are all problems that my company Wealth DynamX solves for our clients. If you would like to hire a coach, build a plan, and become an expert on Wealth Creation click here.
Own Your Potential,
Grant Cardone Certified Coach
Jerry Fetta helps his clients build wealth so that they can eradicate poverty in their own lives and own their potential.
He believes scarcity and abundance cannot co-exist and that the way to end poverty is to help you build wealth.
You were not created to spend 40+ hours per week serving the 40-year-to-life sentence trading your precious time for money just to live in mediocrity.
However, the truth is that time and money must be exchanged. It just doesn’t need to be you making the exchange.
Jerry helps his clients create wealth that exchanges time and money on their behalf. The only way to do this is to make more money, keep it, and then multiply it.
He has helped clients double their income, save $100,000 tax-free, and secure 8–12% fixed annual returns on their assets.
To get started, go to www.WealthDynamX.com/contact