The New 1%

Starting the journey to acquire a new business? It's vital to set the stage by defining your Perfect Business Criteria. Here are the 5 key factors I'd consider: 1️⃣ Self-Assessment: Remember, you are the linchpin of this endeavor. Ensure you genuinely enjoy the business, have a compelling reason for it, or possess relevant pre-acquisition skills. 2️⃣ Industry Research: Dive into the indust...

Another week, another stride toward the new 1%! Here's what's been cooking: 1️⃣ Community Commitment: I've been busy crafting content and made a bold commitment to have my VA slide into DMs, offering our free Professional Development courses. It's a win-win, with quick cash flow for her, top-tier advertising for the New 1%, and a strong setup for the Sober Living venture. 2️⃣ Cold...

Ever wondered why it's easy to accept lacking something you want, yet challenging to embrace having it? 🤔 Zig Ziglar's wisdom sheds light on this paradox: "You can have everything you want in life if you just help enough other people get what they want." 🌟 That's where community investing comes into play. Gather a group of 3-6 like-minded individuals and craft a tangible pl...

1️⃣ Mastering the Art of Retreat: Just as Jesus retreated from crowds and Washington strategically withdrew during battles, great soccer teams shift into a defensive stance to safeguard their lead. Retreat when necessary. 2️⃣ Activity vs. Accomplishment: Recognize that mere activity doesn't guarantee accomplishment, echoing the wisdom of John Maxwell. Understand the distinction and focus on re...

Uncover the incredible journey of George Soros, the man who survived WWII in Nazi-occupied Hungary and later broke records with his financial prowess: 1️⃣ The Birth of a Hedge Fund Maverick: Discover how Soros launched his hedge fund in 1970 after surviving turbulent times during the war. 2️⃣ A Billion-Dollar Bet: In 1992, he made an audacious bet against a currency and walked away with a staggeri...

Discover how to buy a cash-flowing business worth $150,000 for just $24,500: 1️⃣ Strategic Investment: Secure an SBA loan with 10% down to acquire an organic waxing & lash studio in Austin, TX, priced at $245,000. 2️⃣ Crunching the Numbers: Dive into the details with a $220,500 debt, manageable $3,400 monthly payments, and a solid $109,000 leftover after debt payments each year. 3️⃣ Key Consid...

Unlock the secret to skyrocketing your email response rate and securing positive replies: 1️⃣ Email Power Moves: Connect with sober living operators and enhance their tenant offers while generating cash flow. 2️⃣ Crafting the Perfect Offer: Refine your consulting pitch to a lower ticket, recurring model, and reimagine your freebie. 3️⃣ Value-Packed Freebie: Present operators with a free profession...

Discover the power of mentorship with these 5 game-changing steps: 1️⃣ Find someone a few steps ahead of you in the right places—LinkedIn, Associations, or even podcasts. 2️⃣ Craft a compelling value proposition specific to the mentor. Highlight how their presence can elevate both of your journeys. 3️⃣ Paint a clear picture of the mentorship relationship you envision—what you'll learn, how it&...

Another week of exciting developments on the road to the New 1%! Let's dive in: 📚 In the community realm, we've been busy creating valuable content and contemplating the potential of Free Professional Development Courses as lead magnets. A shift in perspective that could open new doors. 🖥️ Our trusty Virtual Assistant has been hard at work editing content, while we've been fine-tuning...

Ever feel stuck because a few hundred dollars per month seems like a drop in the ocean when it comes to building wealth? 🌊 Let's break free from that One-Dimensional Thinking that tells us $2,400 invested annually won't yield 1 Million dollars in 40 years—because it's true! 👥 But what if six people joined forces? Suddenly, that $200/mo becomes $1,200/mo, opening doors to financial op...

If you're a small business owner with less than 5 employees, this one's for you. Stop shouldering the entire burden alone, because it's not just killing you—it's affecting your business too. 🕒 Many entrepreneurs find themselves trapped in 80-100 hour workweeks because they struggle to delegate or simply refuse to do so. 🌱 Here's the solution: Establish a Growth Plan. Identify...

👨‍💼 Alan's humble beginnings as an accountant paved the way for his extraordinary success. 🌍 In 1966, he became a partner at DFS, utilizing his expertise in international tax law. 📈 Over time, he ascended to become the 3rd largest shareholder in the company. 💰 His equity was valued at a staggering 840 million when DFS was sold in 1997. 🚀 Parker's ventures in hedge funds further multi...

🌆 Houston Home Service Business, Here We Come! 🚀 🏡 Purchase Price: $1,250,000. 💰 Down Payment: $125,000. 💼 $1,125,000 worth of debt to take on. 💡 Debt payments of $17,000 per month. 💰 With $15,000 remaining annually, consider increasing the down payment for more security. 🚩 Spot the Potential Red Flags: Low margins. Hiring and Keeping Healthcare Workers. 🌟 Leverage the Strengths: Governme...

Talk about an irresistible hook from the NYtimes that has pulled me in over and over in the past week! The writing made me think of how I approach cold email and it shed light on a few things. Tune into the show for what I learned about Cold Email Expertise 💬 🔥 Mastery Takes Time - Like any skill, you don't become a pro overnight! It's a journey and the difference from 80% proficiency to...

🔑 Ever felt like you're just one connection away from a game-changing opportunity? Here's a story that proves it! 💡 In this week's podcast, I unveil the five keys that helped me stumble upon a hidden real estate gem, thanks to a friend's connection. 👥 Meet a Friend's Friend: My buddy shared an intriguing tale about someone who buys properties cash, then seller-finances them...

Section 1: Building the Community Focused on Content Creation: Dedicated time and effort to create valuable content to engage and grow the community. VA's Role: The virtual assistant played a crucial role in editing and optimizing content for maximum impact. Section 2: Progress in Sober Living Ventures Growing the PMP List: Successfully expanded the Private Money Partner (PMP) list to 100, enh...

Section 1: Authentic Commitment Embrace the power of your word: Ensure that your commitments, whether small or significant, are consistently upheld. Building trust starts with reliability: People rely on those whose actions align with their words. Section 2: Vision and Purpose Find clarity in your mission: Understand your path and the impact you aim to create. Leaders need direction: To effectivel...

Section 1: The Power of Shared Interests Assemble a group of like-minded friends: Form a team of individuals who share a common passion. Pool resources together: Each member contributes a monthly amount (e.g., $200-1000) to fund the venture. Section 2: Niche Selection and Creative Offerings Choose a niche topic: Select a subject you're all passionate about, such as anime. Brainstorm subscripti...

Section 1: The Journey to Philanthropy George Watson, a baker's apprentice in the late 19th century, started his own shop in 1882. He expanded from a single shop to become the owner of the largest bread factory and ventured into wholesale business during the 20th century. Later, they diversified through acquisitions, entering the retail space and expanding into various food products. Section 2...

Section 1: Purchase Insights Purchase a thriving commercial landscaping business in Harris County for $135,000. Utilize an SBA loan with a 10% down payment, resulting in a total acquisition cost of $1,350,000. Assume responsibility for $1,215,000 in debt, with monthly repayments set at $18,000. Forecast an annual surplus of $223,000 after covering debt obligations. Section 2: Key Assessment Factor...

1. Understanding Essentials and Leveraging Technology: Recognize the importance of identifying essential project components. Utilize technology and virtual assistants to streamline tasks. Efficiently plan, record, and edit content. 2. Effective Implementation and Efficient Tools: Document systems and processes for better management. Create reference documents and video demonstrations. Employ tools...

Introduction: Discuss the importance of networking for real estate and business success. Emphasize the significance of being everyone's first choice in finding off-market deals. Networking Strategy: Personal Details: Share a tip from "How to Talk to Anyone" about effective networking. Encourage taking notes about people's personal details during events. Explain how these details...

Introduction: In this episode, we're diving into Week 6 of the journey towards achieving the New 1% status. Discover the progress made in content creation, securing financing, and building connections in the Sober Living business. Content Creation and Improvement: On the New 1% Community side, content creation was a top priority. Considered improvements to the content system to enhance its eff...

Money is more accessible than most people realize, and it's often obtained through partnerships. The median salary in America is around 54k, but consider this: The stock market paid out a staggering 574 billion in dividends in 2022, which is over 10.6 million times the median salary. Americans hold approximately 30 trillion in home equity, which is a whopping 555 million times the median salar...

Consistency is key, but shiny objects often distract us. Fear, procrastination, and busyness hinder progress. The solution? Cut out distractions and commit to something you genuinely like and can profit from. If you can't stick with it for 10 years, it might not be worth it. Consistency gets easier over time and offers several benefits: Reduced pressure from unrealistic expectations. A jumpsta...