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SFR 212: Wealth Formulas...

SFR 212: Wealth Formulas...

FromSales Funnel Radio


SFR 212: Wealth Formulas...

FromSales Funnel Radio

ratings:
Length:
24 minutes
Released:
Jan 29, 2019
Format:
Podcast episode

Description

This is one of the reasons I pursue this game so hard. Check out the other options you have to this funnel game…   Today, I'm gonna teach you The Wealth Formula, and why I'm so jazzed about this Funnel Game.   I'm really pumped to share this with you.   I ran through The Wealth Formula at my exclusive OfferMind event, so you’re gonna get a sneak peek behind closed doors...   Right now, I'm doing the One Funnel Away Challenge which is specifically targeted at people who are people new to funnels.   The Wealth Formula is my answer when someone says, "Stephen, this is really cool, but it seems like a lotta work. There's gotta be another way?  How long does it take the average person to be successful with this?"   ...I hate that question, it drives me nuts. I’m like, “Well, how bad do you wanna make a million bucks?” What Yield Will You Learn To Earn?   One of the benefits hanging out with the amazing people at ClickFunnels was that I got some cool insights into the books and courses they rated. I got to see who the gurus learned from...   If a guy who runs a hundred million dollar company thinks something’s cool… then I should probably think that's cool too, right!   Ya know what I mean?   If I hear, “Hey, I really learned a lot from this...” I'm like, "What was the name of that again?"  I'm gonna look it up and buy it.   I bought so many books when I worked at ClickFunnels... because I was just like, “If Russell thinks that's amazing, I need to make sure I have that info for the future.”   I’d be sitting feet away from people like Tony Robbins or  Robert Kiyosaki, and if they said, "I read this great book recently... " I’d be like, Boom! BUY IT.   The Wealth Formula was one of the things I heard about, for the first time, while I was at ClickFunnels... and it was life-changing for me.   I already believed in funnels, but this was amazing.   Capitalist Pig, Baby!   At OfferMind I did a presentation called: “What Yield Will You Learn To Earn?”   I walked through how much money you can typically expect to get from different kinds of investment vehicles…   I know there are people out there making MORE money from some of the ways that I  talk about, but I'm talking about the 80 percent majority.   I don't wanna learn stuff where I have to learn exceptions to the rule in order to make cash. I'm interested in the rule.     … the cash causing models.   If I do  X, Y, and Z, will I get this amount of money? I'm looking for the 80 percent rule. The default that makes the cash most of the time.   Let me show you how the Wealth Formula plays out…   THE WEALTH FORMULA   QUESTION #1: Figure out how much money you're willing to put away into an investment account every month for the rest of your life? You don’t touch it, it’s just meant for investments. Write that amount down.     For this example, I'm gonna use $165...   Can you put $165 in an account every month?   If you're like "Hey, I can't do that right now." That's okay, you're solving the problem ahead of time... and that's cool. QUESTION #2: How long will you leave it there?   Okay, let's say 25 years.   For 25 years, you're not gonna touch that money. It's not meant for income. QUESTION #3: What yield will you get? What yield you’ll get depends on the investment vehicle you choose? … And that's one of the things I wanna talk about here. QUESTION #4: What’s the total amount of money you want?   Let's say, a million dollars… that’s a nice round number ;-) So now, I wanna run through a few examples with you… because if you knew how to earn a higher yield... what would that mean for you?  CLUE: *IT’S HUGE*     RETURN ON INVESTMENT…   WEALTH SCENARIO #1:   So let's say you take $165 every single month at a yield of zero percent (and just put it under your mattress) for 25 years.   How much money would you have?   After 25 years, you’d have $49,500.   I know you mathematicians are freaking out over the fact that it's zero percent, just get past that... you’d have $49,500...   Coul
Released:
Jan 29, 2019
Format:
Podcast episode

Titles in the series (100)

My first 5 years in entrepreneurship was 34 painful product failures in a row (you heard me). Finally, on #35 it clicked, and for the next 4 years, 55 NEW offers made over $11m. I’ve learned enough to see a few flaws in my baby business… So, as entrepreneurs do, I built it up, just to burn it ALL down; deleting 50 products, and starting fresh. We’re a group of capitalist pig-loving entrepreneurs who are actively trying to get rich and give back. Be sure to download Season 1: From $0 to $5m for free at https://salesfunnelradio.com I’m your host, Steve J Larsen, and welcome to Sales Funnel Radio Season 2: Journey $100M