When I plug my numbers into the retirement calculator FIRECalc – yearly spending of $36,000, a $1 million portfolio, and 51 years left to live (based on the US government’s death calculator) – it tells me there’s a 98.9% chance my $1 million won’t be depleted before I die.
We live in a culture that tells you your smart phone is no longer good enough six months after you purchased it — a culture that says you need to drive the best cars we can afford, live in the best house we can afford, stay in the best hotels we can afford, and live the best life we can afford.
“Conserve your mental power by making easily reversible decisions as quickly as possible and aggressively planning recurring actions so you can execute simple tasks on autopilot. I know what I am wearing to work and eating for breakfast each day next week. Do you?”
They take an utter dummy in internet marketing and charge him $2,500+ for the 21 super short how-to’s and few phone calls. Then they throw him into the hardest niche of all, telling, “Now start promoting products worth thousands of dollars.”
Another red flag….when it starts off with the story of a person being dead broke, living on the streets, with 3 pennies to their name, a wife, four kids, and a dog to support (they’re all pretty much the same sad stories) just stop…. ditch the video and forget about it. You’ll be better off in the long run.
Unfortunately, most people are looking for a way to get rich quick or to capitalize on the next big thing. It is true that some people have made their wealth through playing the real estate market, while others have done so by investing in a few stocks that exploded, but this is the exception and not the norm. If the above list seems overly simplistic, that’s good. There are no secrets to becoming a millionaire and almost anyone has the chance to make it happen. The process is simple:
For entrepreneurs, one good idea can provide an extraordinary amount of hope. Even though the chances of success are minimal, these ideas give people something to aspire to greater than a boring cubicle and a nagging boss. Not to mention, these ideas make some people obscenely loaded.
A Beginner’s Introduction to Real Estate Investing [VIDEO]: This free online video course is based on the Ultimate Beginner’s Guide to Real Estate Investing but geared toward those who learn best by video content. In these 62 lessons (over four hours of content), you’ll learn all about the different niches, strategies, concepts, terminology, and more that will help you become a millionaire through real estate.
In fact, a study found that many don’t actually know how much debt they owe. It makes complete sense too. Humans are sensitive creatures who would rather run from their problems than tackle them head-on.
Through all of this experience he has developed a number of unique insights of his own, including some powerful reasons why traditional goal setting processes seem to fail for so many people both in their businesses and their lives.
4. “Be the Bank” income opportunity. Simply help others with their upfront credit enhancement costs and get 2% of their funding! $250,000 in funding for the client means $5,000 for you! Every 45-60 days times as many clients as you want (we have many). We call this the “Pay it forward” program. Average ROI for helping these lucky people is around 100% ROI or 1200% a year! Everyone wants and needs money!
“You have to buy real estate!” Now, how many times do you hear that during a real-estate bubble? If you take this advice, it may be wise to ask yourself if you have too much money tied up in your home and not enough in savings. With all the talk of a diminishing social security system, the need to save more for retirement seems inevitable. So, let’s look at some of the options for building that million you need to retire in style.
Individual retirement accounts are available to those individuals with qualified compensation. Traditional and Roth IRAs are funded with after-tax dollars. However, if your income level qualifies, you can receive a tax deduction for contributions to your traditional IRA. The major difference between the two IRAs is that earnings in the Traditional IRA grow tax-deferred, while those in the Roth IRA grow tax-free. (For a more detailed comparison, see Roth Or Traditional IRA … Which Is The Better Choice?)
I go into https://youtu.be/P0rkPqdibV8 in the entire episode with specific stories, but below you can see the show notes on what I talk about with building your online business to generate millions. Also note: I recorded this on my iPhone in Spain between practices while playing pro handball with the Reale Ademar team in Leon. This is not recorded in the SOG studio in L.A.
You don’t have to give up anything to become wealthy. Financial security is a choice, not a sacrifice. There will be trade-offs, of course; you may not buy or do something today so you can buy or do something else later. But that, too, is a choice. You’re deciding what’s most important to you, so whatever you don’t buy or do today isn’t really a sacrifice — it’s just something that isn’t as important to you.
Know when to get out. At a certain point, knowing when to pull out of an investment before it collapses from under you is essential. If you’ve surrounded yourself with smart brokers, listen to their advice, but also know when to listen to your gut.
First of all, this dude Ryan Mathews is nowhere to be found. He is probably some actor or “voice” behind this scam product. He or “they” has most likely created other scams almost identical to this one.
Thankfully, I knew what I didn’t know, so I invested heavily in those things. I’m not a big risk taker. But I do believe in calculated risk. After all, I am my best asset. My top priority is myself or my business.”
Help others. Learn to be a caring individual that makes the world better for people around yourself. It will lead to more positivity coming your way. Also, donating to charities can come back to you in the form of tax deductions.
This happened to me. There were lunchtime whinging sessions, random phone calls, emails – you name it. In one of the calls with my colleagues, things turned sour. I immediately hung up from the call. I then got SMS’s saying “Did you drop off the phone?”
If you are looking to learn about more traditional means of starting a business (read: offline), this book does have some good ideas but nothing you’ve not heard or read before if you have read any business or marketing books from the past ten years.
“Analysis of several hundred people who had accumulated fortunes well beyond the million dollar mark disclosed the fact that every one of them had the habit of reaching decisions promptly,” Hill wrote in his 1937 personal-finance classic “Think and Grow Rich.”
Beware of investing during an artificially inflated market, and make sure the monthly mortgage is easily affordable. It would be a good idea to read about the 2008 sub prime mortgage crisis in the United States to learn from cautionary tales.
Well, that all depends on how much you save. If you’re shooting to make a million in 10 years, you’re probably going to need to live on 50% of your income or less. (As a benchmark, you need to save about $1,000 a week and average a 12% interest rate to reach $1 million in 10 years. That’s a very hefty savings and optimistic growth rate, but it is doable.) Regardless, save early and often. If you do it consistently, you’ll be on your way to becoming a millionaire.
Some made their money without really investing, and most made their money almost accidentally, but these were entrepreneurs, so I wasn’t looking for those who made millions over time, instead I was specifically looking for those who had made a significant amount of money in a short period of time.
Loan Paydown. When you buy a property with a mortgage, each month your loan balance decreases. This means, over time, your tenant is essentially paying the loan down for you, helping you build wealth automatically. To make this concept clearer, pretend for a moment you owned a property that you bought for $1,000,000 with a mortgage for $800,000, and it made $0 in cash flow (it “broke even”) and never climbed in value. However, after that thirty-year mortgage is paid off, you’ll now have a property worth $1,000,000 that you didn’t actual save for. Your tenant paid it off due to the “loan paydown.”
The mymillionairementor.co domain name was purchased and registered this past July. There is very little mention online of either Ryan Mathews or this particular incarnation of My Millionaire Mentor.
Grant Cardone is an American entrepreneur, New York Times best-selling author, speaker, motivator and online sales training expert. Cardone is a respected, highly regarded master salesperson whose passion is to teach people how to sell themselves, their products and services regardless of economic climate. His books, audio packages and seminars provide people of all professional backgrounds with the practical tools necessary to build their own economies towards the path to true freedom.
Finally, if you have done the previous four items the only thing left to do is to continue doing it and stick to the plan. As far as income is concerned, always be on the lookout for ways to increase your income, whether it is through climbing the ladder at your current job, finding work elsewhere, or maybe even starting a business on the side. Increased income will mean you can save even more, provided you aren’t foolishly spending the additional money. As that additional money gets tucked away into savings or investments it will continue to grow even more quickly.
Do you really think that by becoming rich, you will gain something other than money? What will you do with the money after earning it? Save more money by strangling your happiness? Everyone has a destiny, so we should leave our fortune up to it. If we are already bestowed with so much happiness already, why destroy it just for the greed of money? Remember this, by becoming millionaires, greed for more will always be there. These 5 steps listed above in the article sure seem easy to do, but the author has not given full justice. Although they have simplified the ong journey in 5 simple step, they haven’t listed all the difficulties that need to be faced in this journey. If we are destined to such fortune than let it come to us. Somewhere within everyone is rich, maybe not in money, but atleast from the heart…
Stay away at all cost! This person was promoting DA and it’s getting shut down by the FTC for multi level marketing. Pure scum got rich quick by promoting this shit. Lucky I have an email full of prom…otions that I archived incase of this and even though he delete everything even his website madeitdigital I have copies of everything and screen shots. I sent it to the FTC and Im now working with them on submitting more evidence. This dude was a top promoter. See More
Say the cookies cost $10 to make and they sell them for $50. That’s $40/month they’re earning in gross profit. If they had 2,000 people on such a subscription, they’re doing a million dollars per year.
I truly believe that if you want to attain the status of being a millionaire, one must make the necessary adjustments in life. The status of being a millionaire entails a lot of sacrifices but what is more realistic is that it is achievable and doable. More than anything else, be a millionaire for it takes to be one – frugal, investment conscious, earning more than what you spend, paying yourself first, diversifying your investments by not putting all your eggs in one basket alone, intuitive, resourcefull, sound knowledge in financial language and accounts, passionate, loves what you are doing, charitable, innovative, seizing initiatives in the market plays, delaying instant gratification and always never sacrificing the needs of your family in terms of financial needs and matters.
For reference, $305 per day is only $111,325 per year or $9,150 per month – something that’s completely doable, just more challenging when you’re younger. And as long as nothing is holding you back from earning more, you can make this much per day!