“Wealth is not about having money; it’s about having options.”
– Chris Rock
I used to have a medical sales job.
Back then, I made over $200,000 per year.
I had some financial freedom.
But I didn’t have time freedom.
In four years, I increased my net worth by 20x to $4 million.
Now, I have all the time freedom I want!
Today, I want to give you the blueprint on how I did that.
Let’s go!
1. Clinging to My Job Kept Me Stuck
We often don’t realize when we’re stuck.
There’s an old saying about golden handcuffs.
Investopedia defines them as financial incentives that encourage employees to remain with a company.
Things can be almost too good.
There are benefits to golden handcuffs in certain professions, such as higher employee-organization relationships.1
But these benefits do not include the time freedom so many of us crave.
My family did not understand why I wanted to leave my job.
They thought I was crazy!
Why would I ever want to do that?
I’ll tell you the same thing I told them:
I wanted more control over my time.
I wanted to go on trips.
I wanted to write a book.
Now, I’m able to do all of those things, and more!
I started a podcast.
I do videos and blogs.
When I was at my old job, I couldn’t even take vacations.
In my experience, traditional jobs are not a good way to become wealthy.
If you buck that trend and already are wealthy, don’t leave!
You can also use this blueprint to scale up your wealth.
2. The Shift That Changed Everything
After I quit my job there was a shift that changed everything for me:
I got around successful people.
Success leaves clues.
They say you’re the average of the five people you spend the most time with.
If you’re spending your time with people who have your same net worth and habits, you probably won’t change much.
You won’t grow.
When I wanted to get into Spartan Racing, I hired a coach.
I got around healthier people.
When I did that, I lost 30 pounds!
One of the best things I’m currently doing to maintain my financial network is paid masterminds.
These groups can offer confidential conversation, personal and professional development, and time to reflect.2
We have one for high-net-worth investors.
You can also go to other investor events.
One of the best I ever went to was an investor cruise.
When I was on one of these cruises, I approached a guy that I respected a ton.
Instead of asking how he could help me, I asked how I could help him.
A theme on the cruise was to make yourself valuable to valuable people.
I think this is the best secret.
If you want to grow your wealth, find somebody with a lot of material value.
Then, find a way to help them.
If you came to me and said you can solve one of my problems, I would pay a lot of money for that.
So, that’s exactly what I did on the cruise.
I went to somebody who was teaching people how to raise money for real estate, but wasn’t raising money in their business.
I asked if I could help with that.
They said yes.
The rest is history.
We ended up creating a partnership that raised $15 million together.
I made a lot of money off of that one conversation.
If you have money, there are still ways to do this.
I know a guy who put some earnest money down.
In deals like this, you get a pretty quick return if you’re willing to loan big and help a deal close.
This guy put down $1 million.
That’s a fair amount of money!
However, he ended up making $50,000 in about 24 hours.
That’s a very high return in a very short period of time.
When he helped someone else close a deal, he also reaped the benefits.
Helping people in general is a great way to boost your net worth.
It’s also a very altruistic way to live your life if you choose to.
Helping people doesn’t have to stop at investing.
3. How You Can Do It, Too
The strategies I’m talking about are pretty active.
What does it mean to be someone who actively tries to help others with their wealth?
What does that look like?
There’s also a passive way to go about things.
If you have money, you can find other people to do the heavy lifting.
With an active approach, the best thing you can do is take action.
Go to meetups.
Go to conferences.
Ask people how you can help them and how you can help each other.
But remember to not start with that.
Think about the person’s business.
Think about their finances.
Think about their stage of life.
They’re an investor, just like you.
What are they looking for?
What things are they doing?
Where are they getting stuck?
When you ask these kinds of questions, you can get to the next level.
You need to show them a specific, tangible way to help.
Eventually, people find a way to get paid over time.
Now, you may have to prepare for not getting paid in the short run.
You’ll basically do the work for free.
But that time won’t last forever, which is why I want to encourage you to keep persevering.
If you have a dream, go after it!
One of my goals is to make a lot of money so I can support my family.
But I also want to be wealthy so I can be generous.
Wealth allows you to support your family, yourself, and causes you care about.
It’s challenging, but the rewards are worth it.
Now I want to hear from you!
How can you help investors?
Let us know in the comments.
Before you leave, make sure to check out our special report about inflation investing. It shares the best choices to invest during an inflationary environment.
If you are interested in investing with us, we are happy to answer any questions that you may have. Join our investment club today and we will be in touch.
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Disclaimer: I am not your investment advisor. This is for educational purposes only. I am not giving specific advice on what you can do. I am simply giving my opinions.
Works Cited
1. Cary A. Greenwood. “Golden Handcuffs in the Fortune 1000? An Employee-Organization Relationship Survey of Public Relations Executives and Practitioners in the Largest Companies.” Communication Research Reports, 33 (2016): 269 – 274. https://doi.org/10.1080/08824096.2016.1186624.
2. P. Garmy, U. Möller, C. Winberg, Lina Magnusson and Nelli Kalnak. “Benefits of participating in mastermind groups.” Health Education and Care (2019). https://doi.org/10.15761/hec.1000155.
