How to create wealth
May 15, 2024 8:02 am
Hey there.
So all over the world..
We are going through some pretty interesting economic times.
And as I think about all that's happening, I can't help but think it's the perfect storm of opportunity for creating wealth...
Especially if you live in Nigeria.
Now notice that I didn't say money...
I said wealth.
Money is pretty easy to figure out...
You've got to learn how to make it...
That means implementing a model designed to help you reach the threshold of wealth as fast as possible...
In a world where according the world bank all you need to be in the top 1% of income earners worldwide is just $32,000..
It's very easy to be blinded mediocrity in the thinking behind that...
You need to be setting your sights higher and if you've been following my work...
Wealth starts at a number and that number is $150,000 in personal income a year...
Below that it's ridiculously hard to build.
Once you've settled that the next focus is..
You've got to learn how to store it - not just save it.
And it's a very subtle shift in thinking.
When you live in a country like Nigeria, cash is king.
And you have to know how to now only stack up reserves of it...
You also need to know how to store and maintain it's value in time.
I'm not a financial advisor so I can tell you to think in terms alternative currencies or gold or assets that are easily liquidated but preserve the value of your cash with the upside of increasing it.
And I can't tell you that if you have less than $50,000 in cash - this is not the time to be thinking property
But I can tell you to go global and leverage the relationship with your international clients to hedge your funds against the currency free fall...
What that means for you...
That's totally your call.
So you're making money and you're storing it properly so the value of you cash is hedged and you can easily access it when you need it.
You need asset investments that generate income.
Again - I'm not "qualified" to give any advice here.
But I will say this...
Wealth is a byproduct of your thinking.
TDMer: Duh....Sensei we know...
Sensei: #sigh
Here's the thing...
I said "wealth is a byproduct of thinking"
When was the last time you sat down and did some critical thinking about your wealth or lack of wealth...
If you don’t have time blocked out in your calendar to think critically...
I can guarantee (with 100% certainty) that your bank account reflects that.
And if you say you’re too busy working on your practice to take time and think...
Here's some free advice: You cannot out-work poor and mediocre thinking.
You can put in 50… 60… 70+ hour work weeks.
But you will never be able to grind your way past an inability to make quality decisions.
I’m not saying hard work does not matter.
When push comes to shove, you'll be hard pressed to find anyone who can out work me in this space.
But...
I've learned to take a break and do some critical thinking every now and then.
For me that looks like this:
Defining what I want
Deciding what I’m willing to pay for it
Designing the path that will get me there
Deciding who will help me get there with clarity, certainty. minimum risk and maximum velocity.
Then I get right back into “go” mode.
(And no I didn't develop that framework for thinking, got that from my mentor)
This probably sounds simple to you...
But I’d be willing to bet that less than half of you are doing it.
Things that are easy to do are also easy not to do.
Here’s a challenge for you.
Block out two hours time this week to do nothing but THINK using that framework.
If you can’t find two hours in your week to do it because you’re too busy...
Then you’re probably too busy to be wealthy anyway...
Have fun being stuck where you are for a very, very long time.
Running at breakneck speeds in the WRONG direction is NOT particularly intelligent.
If you want to win, commit to rich thinking.
And I can help.
I'm going to be scheduling a private session for members of Tribemasters (both the academy and the society) to work them through this session and give them what I truly believe to be the winners edge...
If you'd like to join us...
Hit reply and let me know.
It's not free though - I'll set a nominal fee of N50,000 ($50) just so you have some skin in the game.
If you're game...
Let me know and I'll get you all set up.
Oh and by the way...
If you're signed up for the Influence Architecture Masterclass...
You'll get this as a bonus.
That's it for today
Till tomorrow
Get out of your own way.
CTM
PS: When you're ready, there are fundamentally 4 ways I can help you succeed on your journey to building a wildly successful and highly profitable global practice that matters:
- If you're just joining us and have no clue what we're about, I recommend you read my new book "The Tribemasters Practice" it'll give you a grounding in the Tribemaster Framework and a plan for getting to your first $25000 a month from your practice.
- You've started your practice but You've been struggling to get to a consistent $10000 a month from your practice. Tribemasters Academy might just be right for you. It's a $1500 a year investment. Hit reply and let's have a conversation about that.
- You've been around a while, gone past the $10,000 a month mark but You're stuck and would like to break through to $25000 to $80,000 months. Then the International Society of Tribemasters might just be right for you. It's a $10000 a year investment. Again, hit reply and let's talk.
- You are a high performer doing $100,000+ a month and you want private support to achieve seemingly impossible goals over a 12 month period. ProjectXponential might just be right for you. It's a $50000 a year investment with very strict criteria for joining. If this is you...let's talk.