I have been spending a lot of time working on my next book. "Fast-Tracking Retirement" (that's a working title, don't hold me to it). One of the reasons behind this book is to educate and build a community of entrepreneurs focused on building their wealth, which ultimately allows me the ability to raise capital from people I have relationships with.
It's a long term goal, but so is becoming a billionaire, so it seems like the right path. Anyway, I recently made a facebook post to share my progress on the book and got a lot of controversy for setting the Billion Dollar goal so I figure I will share the math here since this community is very focused on wealth creation!
I've been doubling my net-worth for the last 12 years.
Because of how consistently I have adhered to this goal, I can clearly see my path to $1 Billion net-worth.
A mentor of mine told me years ago not to trust people, trust the numbers instead.
I remember when I started this goal... I wasn't aiming at $1B... I was just going after $100k and it seemed far away, but I bought my first move in flip when I was 22 years old and found a way to hit my goal 4 years ago and then set the goal to hit $1MM...
It wasn't until I was a year out to hitting the Million that I first wrote out the math to hit $1B.
Here is what it looks like:
1 $1,000,000,000.00
2 $500,000,000.00
3 $250,000,000.00
4 $125,000,000.00
5 $62,500,000.00
6 $31,250,000.00
7 $15,625,000.00
8 $7,812,500.00
9 $3,906,250.00
10 $1,953,125.00
11 $976,562.50
12 $488,281.25
13 $244,140.63
14 $122,070.31
15 $61,035.16
16 $30,517.58
17 $15,258.79
18 $7,629.39
19 $3,814.70
20 $1,907.35
21 $953.67
22 $476.84
Run your net-worth using the net-worth tracker at https://www.GualterAmarelo.com and start tracking your success!
Send me a DM or text to setup a strategy session to #Double your #Networth in 2021 🤙
I am on a mission to build 100 Millionaires in 2021.
If doubling your income scares you and you are offended by this post then we were destined to part ways anyway! Learn More About My Mission To Build 100 Millionaires At: https://GualterAmarelo.com
To the tribe of future millionaires lets set our new years resolutions NOW and start taking action to double your net-worth in 2021!
#IKnowGoodPeople #100Millionaires #AlchemistNation #RealEstateMentor
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I currently do not have a strategy or a steady means of income, I'm just a person staking in a few coins and hoping it will become big in the future. So real estate investing is your major source of income?
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@josediccus Staking your coins is a great strategy to get some passive income! Yes, Real Estate solves a lot of the wealth problems such as starting with little or no capital and the success curve is much smaller on real estate because it is an ancient business that is easily financed by just about any bank in the world. That allows you a ton of leverage to build up your capital.
I've always stuck to rental properties, but selling them or refinancing them to buy larger properties is a great way to increase income and net-worth when done properly with a long term approach.
The tax advantages further make real estate the best asset class to grow wealth because you can essentially hide nearly all of your income through depreciation and expenses.
Real Estate is like owning a business. As such the point in every business is to one day go public, which essentially is a way to sell off the majority of your equity and exposure. Real Estate offers those same advantages at just about every level without having to take a company public.
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Welcome aboard and hopefully or surely you'll make a mark in this community as you did with your own fortune. Coaching on building wealth is something we all could learn and switch our way of living. Glad you are here and wish you all the best on the LEO mission!
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@behiver you've got the right idea my friend and this community is such an awesome place to share wealth principles and I've been learning a bunch about the crypto world here!
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STOPLet me breath and read few more times , before I move to your next post.
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Sincerely speaking, I would love to know how this works. It's not really easy becoming a billionaire but I could try.
By the way, I am 25 and my net worth is below 100 USD. I feel like this is still achievable
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