With $2 million invested at 7% annual return, you'd make $140,000 a year passively. The speaker outlines two paths: slow wealth building through saving and investing, or fast scaling by building a business to seven figures and selling it within three to five years.
$2 million. That's the minimum that you need in order to be free for life. You probably want more, but the minimum is $2 million. Here's why. $2 million invested at a 7% rate of return is going to give you $140,000 in passive cash flow forever. Now, that's enough for most people to be comfortable. There is a slow way to get there and there's a fast way to get there. You could go the slow way, which is you can save and invest and let your money compound until you have enough to be able to retire. But the fast way is to build a business that you exit for a minimum of $2 million, which you can do in 3 to 5 years tops. If you follow a playbook to get a business to 7 figures, and then you have a modest exit, you can clear $2 million and then be at choice for the rest of your life. If you know somebody who's doing it the slow way and they want to go faster, send them this video.
