Why $142,857 Is the First Milestone to Wealth
I help people make money, keep it, and multiply. That’s just what I do. It turns out, that is also how wealth is built. I teach that wealth is the ability to treat money like oxygen. You take wealth in and let it out just like it is breathing. You don’t worry about whether there will be enough or not. You just do what feels natural. That’s wealth. Ultimately, wealth happens when you build enough income produced by assets that you no longer need to trade your time for money. It is as simple as that. Today I am going to breakdown how simple it is to build wealth. You ready? Let’s go!
Earn $142,857. You can do this in a year, 6 months, 3 months, a month, or even a week. Bottom line though is that this is your first target. What’s the significance of $142,857? Well, if you make $142,857, you have earned enough income to save 40% of it ($50,000), pay 25% in taxes ($35,714), and still live on $50,000. You’ll be a good middle class, tax paying citizen, with $50,000 in the bank. Why $50,000? Because this is how much you need before you invest. If you’ve never made 6 figures, this is your first target. If you’ve made more 6 figures, your target is to earn this in 6 months or less. If you’ve more than $250,000, your goal is to do this in 3 months. If you’ve made $500,000 or more, your goal is to do this in 30 days. If you’ve made $1,000,000 or more, your goal is to do this in 1 week. The faster you do it, the faster you build wealth.
Save $50,000. Anything worth investing in starts at $50,000. That’s just the honest truth. Anyone who tries to sell you otherwise either works for the government or is a middle class salesperson (financial services, real estate, mortgages, etc.) Once you earn $142,857 you will immediately have $50,000 saved that you can invest. This money is invested in passive income producing assets that are 100% for sure. Why? Because you don’t want any chance that you could lose this money and you also don’t want to invest in something that isn’t passive because it will take your attention away from the activity that produced enough income so that you could save $50,000.
Invest the $50,000. Invest the $50,000 to get passive income. My favorite place for this initially is private lending. Why? Because it will pay you every single month, it is backed by an asset, it requires none of your attention, and in a worst case scenario you can foreclose and become the owner rather than the lender. However, in a best case scenario, you as the lender, can just sit back and collect your checks. Nobody will call you to fix things, nobody will need your permission for repairs, and actually nobody will even know or care who you are. You’re like the bank.
Earn $354/mo. A conservative average for the $50,000 is that it will pay you $354/mo. Now let’s face it, $354 will not make you rich. But if you can get dozens of those it will. Take the $354/mo and save it in your Sacred Account. This will pay you roughly $4,250 in 12 months and you will save 100% of this in your sacred account.
Earn another $142,857. Except do it faster this time. If you did it in 12 months last time, try and do it in 9 months this time. No you have leverage on your side because you already have $4,250 guaranteed from your investment. You will earn it faster automatically! If you did it in 6 months last time, try and do it in 3 months this time.
Save another $50,000. Get to this marker again. Guess what? You’ve been able to save $100,000 total in less than 2 years just by making $142,857 twice!
Invest the $50,000 again. Invest it in the same deal. Why? Because it’s working. Why change what’s working? “But I can get 2 percentage points higher in another investment.” Yes that’s another $83/mo to risk investing in something that you’ve never proven to be successful at and potentially mess up your progress. If you need $83 THAT bad, I’ll help you! The investment that has been paying you is working and so just keep doing that until it is necessary to make a change.
What’s next? Repeat the process. That’s literally how wealth is built! If you do that cycle a total of 4 times, you’ll end of having $1400/mo in passive income, $200,000 in assets, and over $400,000 in annual income. In 4 years or less. Anyone can do this. Sell, save, invest, and repeat.
This is the exact plan I help my clients with. It is not a get rich quick plan, it is a get rich for sure plan! Now you can see what I mean when I saw I help people make money, keep it, and multiply it. Click here if you’d like to make this kind of progress in 4 years or less!
Own Your Potential,
Jerry Fetta helps his clients make money, keep it, and multiply it.
He believes everyone should own their potential. He believes 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.
His clients see a 30% increase in income, a guaranteed increase in savings rate, and 8-12% fixed annual returns on their assets in the 1st 90 days of working with him.
To get started, go to www.WealthDynamX.com/potential