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- Oct 6, 2023
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I'm on a mission to start a brand new online business from scratch, and bootstrap it to $1,000,000/M in PROFIT and get to a $10,000,000 net worth within the next 2 years or less.
For those of you who don't know me, I suggest you to read through my story that I posted about a week ago on here in the intro category. But basically, I went from a couple grand to a $10,000,000 net worth in 1 year with crypto due to countless of excellent investments, but a few years later lost most of it due to to some really bad decisions; and now it feels as though I have to start everything again from scratch - no problem. I got there once 1 way, and I know without a single doubt in my mind that I'll get back up there and reach greater heights another way.
It always fascinated me and you hear this question a lot in interviews & podcasts when hosts ask their very wealthy guests "Hypothetically speaking, if you lost EVERYTHING tomorrow and had to start again from scratch with little to no money and 0 connections - what would you do (differently) to get it all back?" (some add the "within 30 days to get back to you feet" at the end).
And not only have I always found the question to be very interesting & useful, but I always found the answers to be even more fascinating. You see, regardless what answer the guest provided, I realized they all had something in common. And that thing is a very specific & articulate strategy, backed up with an unwavering CONVICTION that is so powerful, you can see it in their eyes and feel it through their voice & tonality.
Well, now that this situation has shockingly happened to me (to say the least) - it is my turn to express that same strategy & conviction to not only get back on my feet, but to THRIVE like a powerful force of nature, as if it never happened in the 1st place, and evolve in a way that I never have before.
This will be probably be my greatest mental challenge & testament to prove my character that I've had in my life, but with God & the universe on my side along with a clear mental picture of EXACTLY what I need to do, I believe I will overcome any obstacle that comes my way and achieve every single goal I have in my mind and that I've written down in my notebook.
With that being said, here is my gameplan:
But 1st, as the popular quote by Abraham Lincoln goes "Give me six hours to chop down a tree and I will spend the first four sharpening the ax."
The first and most important step (beside figuring out your big desires + goals), is to THINK about the BEST way to achieve as much success as possible, as quickly as possible, without sacrificing too much of your time, and while enjoying the whole process. Rushing this step can result in starting the WRONG thing, which means that no matter how well you do it, how quickly you do it, or how productive you are - if you choose the wrong path you are DOOMED to fail before you even start.
So for the last few months I've been spending a lot of time going through all my older notes that I saved (physical + virtual), books that I've read, and online courses that I joined - to get into the right "state" of mind and think more creativity, and get all the money juice flowing throughout my whole body, to first & foremost come up with the RIGHT path, and 2nd to create my detailed plan so I can achieve all my goals, which I am now ready to take big & consistent action on.
Next, what I realized is the key & SECRET to have tremendous success in business, and do it quickly & effectively - is the power of LEVERAGE.
I personally believe that LEVERAGE is the most powerful word in business. When you TRULY understand and grasp the concept of leverage + how to apply it, the possibilities to success are ENDLESS, and are only limited to the stretch of your imagination.
You can leverage MANY things - including your strengths, experiences, network, time, money, software, and social media platforms amongst many more.
Now a smart person who understands the power of leverage, will look for ways to leverage a combination of as much of their strengths, experiences, network, time, money, audience, and social media to grow & succeed in their business/career.
But a GENIUS who thinks outside the box and goes the extra mile, will focus on fully leveraging OTHER PEOPLE'S strengths, experiences, networks, time, money, audiences and social media/personal brands in every possible way, to have an advantage over everyone else.
But in practical terms - what does that actually mean?
Well, say you are an amazing investor and either came up with a way yourself, or read somewhere online about a great way you can 2x your money within a year, which is virtually guaranteed (99% chance happening).
The "smart" person will try to make his own money as quickly as possible by selling different products/services (or working a good paying job, like sales), and then put a portion of his monthly income into that investment vehicle that can safely double his money within a year, and keep adding more & more money into this every month to compound the returns. Initially, he makes $10k/m which then gradually increases every month by 20-50%, and by the end of the year makes ~50k/m. And he puts ~50% of his income into that investment each month.
This means that he invests ~5k in month 1, 7.5k in month 2, 10k month 3, 12.5k month 4, 15k month 5, all the way to 25k in month 12. In total he invests ~210k within the 1st year; BUT only 67.5k of that was in the 1st 6 months, with average returns of ~75% for EOY (his investments starting in month 6 is 50% as there are only 6 months left to the end of the year, and it only goes down from there). In total, he might finish the year with ~280-300k. Let's assume the high end of 300k, and that's how much he finishes the year with with a combo of his active income + investments (on a GOOD year as his highest ceiling).
But then you have the "genius", who instead of trying to make this investment with his OWN money that he has to spend a lot of "time" earning considering he's starting from 0, and would take him a loooong a$$ time to actually make it worthwhile in order to earn A LOT of money passively - instead he decides to BORROW money as a loan, either from the bank, a finance firm, or even an angel investor, with 12% interest rate.
Now let's say he managed to borrow 500k in total within 1-2 weeks (doesn't matter if it was from 1 person/entity, or it was the combination of a few), and is ALREADY looking to start the big investment. Well, by month 12, if everything goes as planned he will have ~$1,000,000 - of which he then decided to pay back his loan of $560k, leaving him with a $440k PROFIT. Now, this becomes his OWN money, and he can rinse & repeat this process + double his money every year; and assuming this remains true - by year 5 he will have ~6M+ of HIS OWN money, which he does not owe to anyone (excluding taxes).
Now let's compare that to the "smart" investor - the genius earned 50%+ more money with 90% less EFFORT and without any headaches/stress of running his own business, hiring & managing employees, etc. And this could have also been a LOT more than 50% if he either borrowed more than 500k initially, OR decided to not pay back the FULL 560k that he owed after only the 1st year.
And the sole reason he was more successful, is because he understood the powerful principle & concept of LEVERAGE and using OTHER PEOPLE'S money.
Let's use another example.
A smart person will leverage free online resources or even pay for a course to learn a skill from which he can make money from, either digital marketing or sales. Great. A few weeks pass by of studying and practicing his skill, and he's finally ready to offer it as a service to businesses. He reaches out to many companies, and tries to convice them to give him a chance to take this skill and help the business owner make more money, despite being a complete beginner and having no former expereince in this.
A few things happen - either he gets hired first on a FREE trial, or gets paid very little for all his effort so he can "learn" as he goes, or WORSE of all - doesn't get hired for weeks/months at all and keeps getting rejected each time. Eventually he becomes good at this skill, but not unti at LEAST 3 months from the day he started (or 6 months + in most case), and does EVERYTHING himself in his "busy-ness". What do all those scenarios have in common? They're all a WASTE OF TIME with little income to show for it. Even it he gets hired and gets good at it, it will become more like a "job" rather than a business and he'll be constantly under pressure to deliver results or else he gets cut off.
But then you have the GENIUS. The genius, on the other hand, understands the power of LEVERAGE, and doesn't bother trying to learn ANY skill that he plans to offer as a servce. Instead, what he does is he goes out and tries to find OTHER PEOPLE who are ALREADY experts or really good in that particular skill, with whom he can never compete with even if he wanted to, and decides 1 of 2 things.
Either he forms a partnership with them and sends his clients over to them where he knows that they will certainly get amazing results, and in return he gets a fair % of the money they both generate for their business (similar to affiliate marketing model). OR he decides to hire them to do the job on behalf of him/his business, and use all THEIR previous experience + case studies as PROOF that he can replicate that with his clients that he's about to work with. He charges premium prices, and only pays his new employee AFTER he gets paid from the client - keeping the difference in his pocket. Win-win for everyone. He then rinse & repeats this with plenty of people.
On top of that, because he's a GENIUS, he can hire VAs for $3/H to do all the outreach for him - and then hire a commission-based salesperson to close all the deals on his behalf as well (if he sucks at or doesn't want to spend time doing sales), which essentially automates his entire business like clockwork, with only thing left is to manage the whole operations and make sure his clients are getting amazing results + are happy.
I hope you understand the point I'm trying to make here - this is EXACTLY how & why you should be constantly on the lookout to apply leverage in ALL AREAS of your business + life. And this is the same exact structure, strategy and THINKING I plan to use to get to $1,000,000/M+ and a $10,000,000+ net worth in the next few years myself. For me, it will be helping experts in the online coaching industry with scaling their business (initially, amongst other things later on) - for you it can be something completely different, but the principles & critical thinking skills remain the same nonetheless.
I personally don't believe in limits, as limits only exist if you decide to impose them on yourself in your own mind.
If you have a strong WHY and are truly committed to achieve big things, nothing can stop you from doing so, except yourself. We can be our own greatest heroes & superstars, or our own worse enemies - the choice is yours, so choose wisely.
I will end this with 2 of my favorite quotes:
"Whether you think you can or think you can't - you're right" - Henry Ford
"Time is Money & Money loves Speed; and Speed loves & creates Momentum"
I'll do my best to update my progress at least once a week, but also be sure to follow me on my social media where I will likely be more active (the links are on my account).
P.S. Over the past week I've spent A LOT of time finding experts across different industries who specialize in different areas & networking with them. The next step is to work together and get the cha-chings going
For those of you who don't know me, I suggest you to read through my story that I posted about a week ago on here in the intro category. But basically, I went from a couple grand to a $10,000,000 net worth in 1 year with crypto due to countless of excellent investments, but a few years later lost most of it due to to some really bad decisions; and now it feels as though I have to start everything again from scratch - no problem. I got there once 1 way, and I know without a single doubt in my mind that I'll get back up there and reach greater heights another way.
It always fascinated me and you hear this question a lot in interviews & podcasts when hosts ask their very wealthy guests "Hypothetically speaking, if you lost EVERYTHING tomorrow and had to start again from scratch with little to no money and 0 connections - what would you do (differently) to get it all back?" (some add the "within 30 days to get back to you feet" at the end).
And not only have I always found the question to be very interesting & useful, but I always found the answers to be even more fascinating. You see, regardless what answer the guest provided, I realized they all had something in common. And that thing is a very specific & articulate strategy, backed up with an unwavering CONVICTION that is so powerful, you can see it in their eyes and feel it through their voice & tonality.
Well, now that this situation has shockingly happened to me (to say the least) - it is my turn to express that same strategy & conviction to not only get back on my feet, but to THRIVE like a powerful force of nature, as if it never happened in the 1st place, and evolve in a way that I never have before.
This will be probably be my greatest mental challenge & testament to prove my character that I've had in my life, but with God & the universe on my side along with a clear mental picture of EXACTLY what I need to do, I believe I will overcome any obstacle that comes my way and achieve every single goal I have in my mind and that I've written down in my notebook.
With that being said, here is my gameplan:
But 1st, as the popular quote by Abraham Lincoln goes "Give me six hours to chop down a tree and I will spend the first four sharpening the ax."
The first and most important step (beside figuring out your big desires + goals), is to THINK about the BEST way to achieve as much success as possible, as quickly as possible, without sacrificing too much of your time, and while enjoying the whole process. Rushing this step can result in starting the WRONG thing, which means that no matter how well you do it, how quickly you do it, or how productive you are - if you choose the wrong path you are DOOMED to fail before you even start.
So for the last few months I've been spending a lot of time going through all my older notes that I saved (physical + virtual), books that I've read, and online courses that I joined - to get into the right "state" of mind and think more creativity, and get all the money juice flowing throughout my whole body, to first & foremost come up with the RIGHT path, and 2nd to create my detailed plan so I can achieve all my goals, which I am now ready to take big & consistent action on.
Next, what I realized is the key & SECRET to have tremendous success in business, and do it quickly & effectively - is the power of LEVERAGE.
I personally believe that LEVERAGE is the most powerful word in business. When you TRULY understand and grasp the concept of leverage + how to apply it, the possibilities to success are ENDLESS, and are only limited to the stretch of your imagination.
You can leverage MANY things - including your strengths, experiences, network, time, money, software, and social media platforms amongst many more.
Now a smart person who understands the power of leverage, will look for ways to leverage a combination of as much of their strengths, experiences, network, time, money, audience, and social media to grow & succeed in their business/career.
But a GENIUS who thinks outside the box and goes the extra mile, will focus on fully leveraging OTHER PEOPLE'S strengths, experiences, networks, time, money, audiences and social media/personal brands in every possible way, to have an advantage over everyone else.
But in practical terms - what does that actually mean?
Well, say you are an amazing investor and either came up with a way yourself, or read somewhere online about a great way you can 2x your money within a year, which is virtually guaranteed (99% chance happening).
The "smart" person will try to make his own money as quickly as possible by selling different products/services (or working a good paying job, like sales), and then put a portion of his monthly income into that investment vehicle that can safely double his money within a year, and keep adding more & more money into this every month to compound the returns. Initially, he makes $10k/m which then gradually increases every month by 20-50%, and by the end of the year makes ~50k/m. And he puts ~50% of his income into that investment each month.
This means that he invests ~5k in month 1, 7.5k in month 2, 10k month 3, 12.5k month 4, 15k month 5, all the way to 25k in month 12. In total he invests ~210k within the 1st year; BUT only 67.5k of that was in the 1st 6 months, with average returns of ~75% for EOY (his investments starting in month 6 is 50% as there are only 6 months left to the end of the year, and it only goes down from there). In total, he might finish the year with ~280-300k. Let's assume the high end of 300k, and that's how much he finishes the year with with a combo of his active income + investments (on a GOOD year as his highest ceiling).
But then you have the "genius", who instead of trying to make this investment with his OWN money that he has to spend a lot of "time" earning considering he's starting from 0, and would take him a loooong a$$ time to actually make it worthwhile in order to earn A LOT of money passively - instead he decides to BORROW money as a loan, either from the bank, a finance firm, or even an angel investor, with 12% interest rate.
Now let's say he managed to borrow 500k in total within 1-2 weeks (doesn't matter if it was from 1 person/entity, or it was the combination of a few), and is ALREADY looking to start the big investment. Well, by month 12, if everything goes as planned he will have ~$1,000,000 - of which he then decided to pay back his loan of $560k, leaving him with a $440k PROFIT. Now, this becomes his OWN money, and he can rinse & repeat this process + double his money every year; and assuming this remains true - by year 5 he will have ~6M+ of HIS OWN money, which he does not owe to anyone (excluding taxes).
Now let's compare that to the "smart" investor - the genius earned 50%+ more money with 90% less EFFORT and without any headaches/stress of running his own business, hiring & managing employees, etc. And this could have also been a LOT more than 50% if he either borrowed more than 500k initially, OR decided to not pay back the FULL 560k that he owed after only the 1st year.
And the sole reason he was more successful, is because he understood the powerful principle & concept of LEVERAGE and using OTHER PEOPLE'S money.
Let's use another example.
A smart person will leverage free online resources or even pay for a course to learn a skill from which he can make money from, either digital marketing or sales. Great. A few weeks pass by of studying and practicing his skill, and he's finally ready to offer it as a service to businesses. He reaches out to many companies, and tries to convice them to give him a chance to take this skill and help the business owner make more money, despite being a complete beginner and having no former expereince in this.
A few things happen - either he gets hired first on a FREE trial, or gets paid very little for all his effort so he can "learn" as he goes, or WORSE of all - doesn't get hired for weeks/months at all and keeps getting rejected each time. Eventually he becomes good at this skill, but not unti at LEAST 3 months from the day he started (or 6 months + in most case), and does EVERYTHING himself in his "busy-ness". What do all those scenarios have in common? They're all a WASTE OF TIME with little income to show for it. Even it he gets hired and gets good at it, it will become more like a "job" rather than a business and he'll be constantly under pressure to deliver results or else he gets cut off.
But then you have the GENIUS. The genius, on the other hand, understands the power of LEVERAGE, and doesn't bother trying to learn ANY skill that he plans to offer as a servce. Instead, what he does is he goes out and tries to find OTHER PEOPLE who are ALREADY experts or really good in that particular skill, with whom he can never compete with even if he wanted to, and decides 1 of 2 things.
Either he forms a partnership with them and sends his clients over to them where he knows that they will certainly get amazing results, and in return he gets a fair % of the money they both generate for their business (similar to affiliate marketing model). OR he decides to hire them to do the job on behalf of him/his business, and use all THEIR previous experience + case studies as PROOF that he can replicate that with his clients that he's about to work with. He charges premium prices, and only pays his new employee AFTER he gets paid from the client - keeping the difference in his pocket. Win-win for everyone. He then rinse & repeats this with plenty of people.
On top of that, because he's a GENIUS, he can hire VAs for $3/H to do all the outreach for him - and then hire a commission-based salesperson to close all the deals on his behalf as well (if he sucks at or doesn't want to spend time doing sales), which essentially automates his entire business like clockwork, with only thing left is to manage the whole operations and make sure his clients are getting amazing results + are happy.
I hope you understand the point I'm trying to make here - this is EXACTLY how & why you should be constantly on the lookout to apply leverage in ALL AREAS of your business + life. And this is the same exact structure, strategy and THINKING I plan to use to get to $1,000,000/M+ and a $10,000,000+ net worth in the next few years myself. For me, it will be helping experts in the online coaching industry with scaling their business (initially, amongst other things later on) - for you it can be something completely different, but the principles & critical thinking skills remain the same nonetheless.
I personally don't believe in limits, as limits only exist if you decide to impose them on yourself in your own mind.
If you have a strong WHY and are truly committed to achieve big things, nothing can stop you from doing so, except yourself. We can be our own greatest heroes & superstars, or our own worse enemies - the choice is yours, so choose wisely.
I will end this with 2 of my favorite quotes:
"Whether you think you can or think you can't - you're right" - Henry Ford
"Time is Money & Money loves Speed; and Speed loves & creates Momentum"
I'll do my best to update my progress at least once a week, but also be sure to follow me on my social media where I will likely be more active (the links are on my account).
P.S. Over the past week I've spent A LOT of time finding experts across different industries who specialize in different areas & networking with them. The next step is to work together and get the cha-chings going
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