How To Get Rich In MLM And Direct Sales

Myron Golden argues that in MLM and direct sales, leadership and influence matter more than product details. Build a personal brand through a book, course, or email list that sells the opportunity itself. His staged plan: hit $5,000 monthly passive income first, then $84,000 monthly cash flow, then scale to liquid and asset wealth.
Questions this video answers
Myron Golden
June 10, 2024
"Leadership is developing in other people a desire to follow you."
From the Trash Man to the Cash Man: How Anyone Can Get Rich Starting from Anywhere
$5,000 per month (6% of $1,000,000 = $60,000/year ⇒ $5,000/month).
Chapters
On this video today I'm going to talk to you about network marketing millionaire secrets. How do you become a network marketing millionaire? But this is not just good for people in network marketing, it's good for people in network marketing, people in direct sales, people who sell houses, people who sell insurance, people who sell cars, people who sell anything, people who sell pharmaceutical, people in pharmaceutical sales. But it's going to also be very, very good for somebody in network marketing or somebody who's building a sales team. So this video is going to change your life. I'm going to show you how to become a network marketing millionaire. So the first thing I'm going to do is break down. I'm going to tell you that it doesn't matter what network marketing company you're in. The way you become successful is the same. It doesn't matter whether you sell vitamins or whether you sell financial services or whether you sell biohacking equipment. Doesn't matter what you sell. Because if you make the mistake of joining, if you join a network marketing company and make the mistake of thinking that your success is going to be determined by your product or your compensation plan, you are confused almost to the point of delusion. And I know that that network marketing company, we have the best compensation plan we have the best products we have. And that's all well and good. I mean, everybody's going to say that. So there's no way to measure it. But what you can measure is how can you have success in this arena where you're selling things and you don't have success by emphasizing the product and you don't have success by emphasizing the compensation plan. So how do you have success? You have success by becoming a person of influence, becoming a leader. Now I'm going to define the word leader and I'm not going to define the word leader. I know John Maxwell says leadership is influence. That's great and he's not wrong. But I'm going to give you a more broad definition than that. So here's the definition that I'm going to give you for.
Leadership. Leadership is developing in other people a desire to follow you. I'm going to say it again. Leadership is developing in other people a desire to follow you. So your ability to, to develop in other people a desire to follow you is going to determine, it's going to determine your success in multi level marketing or network marketing. Because I know some binaries say, well, we're not multi level or network marketing, whatever. Network marketing, multi level marketing, insurance, direct sales, real estate, whatever. It's the same thing. You have to become a person of influence, you must become a leader. And it's important that you not only become a leader, but you become a leader of leaders and not a leader of neaters. Okay? So one of the biggest challenges, first of all, the biggest challenge that most network marketers face is when they get started in network marketing or in sales, insurance, real estate, selling cars, whatever, they come into the space as a meter. In other words, in order for them to earn a commission check, they need to make a sale and they need to recruit other people who also need to make sales. So if you are focused on the feeling of need in the arena of network marketing, you're never going to get paid. Yeah, I mean, you might get paid. You're never going to make like tens of thousands or hundreds of thousands of dollars a month. It's just not going to happen. So. So understand that. Understand that if your desire is to be create like a multi million dollar business in direct sales or network marketing, whether it be insurance, real estate, and there are network marketing companies that do all of that stuff too, it's not going to happen until you become a leader of leaders. Why? Because the point of network marketing in particular is not to sell products. The point of network marketing is to establish points of distribution for the purpose of those distribution. Points of distribution to sell products. My objective when I get started, if I were to get started in a network marketing company, which I don't have any desire to do, not because I don't believe network marketing can be a good business opportunity. It can be. I believe it's a great training ground. I believe if I hadn't done network marketing for all of those years, I wouldn't be anywhere near as good at sales as I am right now. I believe it was very helpful. But.
Network marketing is just like the margins are too small for me. Like I don't want to play in an arena of small margins. And that's not to discourage anybody. In network marketing, you can make a fortune. I've got friends who are relatively rich, you know, to the tune of, you know, 80 to $100,000 a month or more, which is decent revenue. Right. But the margins are just too small. And so.
My recommendation is, if you're gonna build the business anyway, just understand the objective and don't make the mistake of thinking the objective is to sell a bunch of product. Yes, sell the products, like have customers. Because if you can sell products, then you can teach the distributors you have to sell products. But if you understand that the purpose of you selling products is for you to get good at teaching the people that you recruit how to sell products. Then you're gonna do better at network marketing. Does that make sense to everybody? Yes. Okay, so you want to become a leader of leaders. So how do you do that? You want to become like, this is the master key. Network marketing company owners are not going to like this. Some of them are not going to like this because they're very insecure. And they want you to buy into their idea that their company is the best company and their product is the best product and their compensation plan is the best compensation plan. Even though none of that is measurable, they want you to buy into that and they want you out there talking to people about their company name and their product. Like I said, I wouldn't do any of that if I joined a network marketing company, which I have no intention of doing, but if I did, I wouldn't do any of that. If I joined, like, if I was on a, if I was like in a real estate company, I became an agent in real estate, I would not go around promoting the name of my real estate company. I wouldn't give people business cards with the name of the company. I wouldn't do any of that stuff. Like, it's, that's, that's, those are all extra. In my, from my perspective, those are all exercises in futility. Like I have a multi, multi, multi, multi, multi, multi, multi and many more multi million dollar business and I don't have business cards. And not that that's the only way to do it, but they're just not necessary. Okay, so.
How do you build a successful network marketing business? By becoming the person people say yes to before they know what the opportunity is like. There's nothing you will do in your network marketing business. And truth be told, any other business that's going to affect business more than you, who everybody tap yourself on the chest, say me, you becoming the person people say yes to before they know what the opportunity is. That is the master key. Now, how do you do that? How do I become the person people say yes to before they know what the deal is? And you have to become noteworthy because of the value you bring to the marketplace. So people know who you are because of how much value you brought to the marketplace. And maybe you do that on your Instagram profile. Maybe you do that on your YouTube channel. Maybe you do that in a book that you've written. Maybe you do that in a masterclass that you, maybe you do that in a meetup that you host, but you do something where you are the reason that people are able to find help.
In the arena that your network marketing company's products.
Serve people in. What does that mean? Okay, so let's say, let's say give me a product that people sell in network marketing. What is it? Nutrition. Okay, so network marketing people, they love selling nutrition, right? Network marketing companies love selling nutrition. So here's the thing about selling nutrition. If you talk about the nutrition, then only people who are interested in nutrition are gonna listen to you. So if it's a nutritional company, the company wants you to talk about nutrition, right? I think talking about nutrition is a bad idea. Now let me ask you this. If somebody has better nutrition, what is going to be the effect of that? Cause.
They'Re going to feel better. Okay, what does feel better look like? They'll feel better.
They'll feel better. What does that look like? They're going to have more energy. Okay. Okay, More energy. What else? More energy. Better sleep.
Better focus. Better sleep, More focus. So now. Better sleep.
More focus. Okay, so let's say now, instead of you becoming the person who's out here promoting nutrition, now you're the person who's out here promoting this. How to feel better. Have more energy so you can play. More energy for what? More energy so you can play with your kids. More energy so that you're not exhausted all the time. More energy so you do a better job at work. More energy so you don't endanger other people's lives while you're working. You have better sleep so that you wake up feeling energized. You have more focus so that you can learn faster and learn better. And so now what you do is you become the expert on the result. You don't become the expert on the process. Like this is the product. You don't become an expert. I mean, you become an expert on the product. Because you need to know that this can do this right? The process. But you don't emphasize the process. You don't emphasize the product, you don't emphasize the pieces. Pieces. You don't emphasize your person. But what you emphasize is one thing. You emphasize the payoff. Everything that you talk about when you're presenting is all about payoff. If this becomes your conversation in multi level marketing now you're going to have more success in multi level marketing. Insurance, real estate, selling cars, selling pharmaceuticals, whatever. Why? Because you're focused on the result and you have to talk to them about the result they desire to have, not the result you desire Them to have. It's very. It's a very big difference. And so what happens is, because most people come into the space hyper aware of what they need, because when they see the presentation, they say, well, all you got to do is you got to go find two people who find two people. So now you come in here and you know you need to go find two people who find two people, Right? Okay, so now what that says is, even though they're not saying this, you need six people. And so if you're focused on I need six people, I need two people who get two people. And if you're focused on your need, you cannot focus on their payoff because you're so focused on your payoff. And so when you're talking to them, even if your words are talking to them about this. Oops. Even if your words are talking to them about this, your energy is talking to them about the six people that you need. And they don't like you that much because your words can lie, but your energy always tells the truth. Energy doesn't know how to lie. Are y' all tracking? And so, and so now what happens is, once I understand the objective, because that's the first thing I gotta get locked and loaded, right? I gotta get locked and loaded. What's my objective here? My objective is to become the person people say yes to before they know what the offer is. So you know what I did when I was in multi level marketing? Actually, I wrote this after I was in multi level marketing. But it would have been good for me to do it before. I wrote a book now, but I was a network marketing coach, so I coached network marketers. So I wrote this book called from the Trash man to the Cash Man. How Anyone Can Get Rich Starting from Anywhere. But I took like three or four pages in this book and I talked about business principles and I'm talking, talking to people about having a business. And one of the, one of the sections, very small, maybe three pages, maybe five pages, I don't, I don't remember why everyone should do Network Marketing. Why did I put that in this book? Why did I put why Everyone should do Network Marketing in this book? So that network marketers would buy this book in bulk and then they would either sell it to the people that they wanted to prospect and when, like, I would just tell. And this is real. I mean, I'm not making this up. This, this is true. Because a lot of the stuff that that's in this book is stuff that I would teach people when I was doing Network marketing. When I was recruiting people for network marketing, instead of doing the network marketing presentation, I was teaching them about the financial house of the rich and the financial house of the poor. I was teaching them this stuff, right? Instead of, instead of me teaching them. Instead of. I don't know if they can see that or not, but maybe they can. Okay, So I would teach them on. It's on page 63 in. So I would teach this instead of doing the network marketing presentation. And I would show them how the reason they're broke is because they don't have any assets in their income producing asset window. Right? And so when I talk to people about why they would buy these books, then they would go sell them to their prospects, I would sell them to them. If you buy 10, I'd sell them to you for $10 a piece. Then you go sell them for $20, you make $100 profit. And now you go back and talk to that person a week later, after they've read the book, two weeks later, after they read the book, they're more likely to say yes to your opportunity. Why? Because they've been influenced by this book. You see what I did? So now I became a person of influence because an author, author is the root word for authority. When I become an author, I become an authority. So writing a book is one of the best things you can do to become a person people say yes to before they know what the offer is. But that's only true if the book that you write is good. If the book that you write is junk, then you have amplified becoming a person people say no to before they know what the deal is. Okay, so that's number one. Number two, so when you show up, when you show up in the marketplace, always bring value. Like, always bring value. What does that mean? Like, show up to the marketplace for the marketplace. Show up to the people you serve for the people you serve you don't like. I like what Jim Rohn used to say. He said the soil said to the farmer, don't bring me your need, bring me your seed.
Right? So how can I bring my seed to the marketplace? By sowing seeds of value into the marketplace. By caring enough about them to discover what they value and only talking to them about that. Instead of talking to them about stuff I wish they value because I value it. See, if you're having a conversation in the marketplace with potential clients because you desire them to value what you value, you're talking to them about the wrong thing. You track it. But if you're talking to them, because to let them know that you already value what they value, now you're talking to them about something that's going to get like, take both of y' all a long way. Okay, now, so we're talking about network marketing millionaire secrets. You can't become a network marketing millionaire if you can't recruit people who sell products, who also sell the opportunity. You can't become one. It's not possible. So you need to. So it's not enough just for you to become a person of influence. You need to become a person of influence with people who have influence. And so now instead of just going out and recruiting people who need the money, I'm telling you, like, I made all of these mistakes. I'm like, well, I need this money. That's why I got started in this opportunity. So I go look for people who needed money. I do a presentation. And I didn't realize that most of the people who need money, like, I won't say most because I haven't counted many of the people who need money, they want it the least. And the people who don't need the money want it the most. So I stopped talking to neaters and started talking to wanters. It changed the game for me because the people who need money, there's something they're doing. Like, if they're perpetually in a place where they in need of money, there's something they're doing or someone they're being that's causing that to stay that way. And them joining your network marketing opportunity is not going to change that. But somebody who doesn't need the money and they've got influence, there's a reason they have influence. Because they are where they're supposed to be when they're supposed to be there. They do what they say they're going to do. They stand alone when necessary. They speak the truth that people, other people know they can count on them. They're dependable. And so when you do that, then you can become a network marketing millionaire. Now let's talk about. We talk about the network marketing part, okay? Become a person of influence part. You can write a book. You can start a coaching program. So here's what I'm going to say for all of you who desire to be like, instead of selling your network marketing opportunity, create, write a book or create a course. Now, I know you're thinking, write a book or create a course. Yes, write a book. If nutrition is your thing, like, create a course on nutrition. Sell the course on nutrition and let the course that you sell on nutrition, sell the products from your network marketing company. But the, if you're going to do that, you have to make sure you don't mention the names of any of the products from your network marketing company. You just call them the health products that I use. Now, the network marketing company doesn't have any authority to make you stop talking about what you talk about. So here's what I did when I was doing network marketing and nutrition. What I did, I was teaching biblical principles of health. And then I talked about supplements that I use that helped the health practices from the Bible that I applied work better. Huh? We sold lots of products, recruited lots of people. I even created a certification when I was in multi level marketing. I created a certification called a Certified Biblical Health minister. No, a Certified Biblical Health Coach. So I created a certification. People would pay me $500. They'd come, I trained them on how to be a certified Biblical health coach. Then what they would do is they would use the same principles I use and then they would go out and do their own little health venue seminars, whatever. They would talk to people about their biblical principles of health. They would sell their, the nutritional product. I would give them a discount on my products. They would buy my products, sell my course stuff to other people. So I wasn't just making money off of the multi level marketing company, I was making money off of my brand. Here's why. Because most people who are in multi level marketing erroneously believe that the network marketing company is their business. If you're in a network marketing company, that company is not your business. If you're a real estate agent for, for ReMax or Century 21 or whoever else, Keller Williams, that is not your company. That's your vendor. Those are your vendors. Like Amway. If you're an Amway distributor is your vendor. Primerica is your vendor. It's not your business. If you think it's your business, go read the contract. I'm just going to challenge you. Go get the agreement, turn it over on the back and read it. And you will see. Almost without exception, there's only one company I know of that doesn't have this, that I've ever seen. And I've been in like I've spoken at network marketing company conferences. There's only one network marketing company I've ever seen that doesn't have this. On the back of almost every network marketing agreement, there's a phrase, there's a line that says we can terminate the company, can terminate the distributor at any time for any reason without Notice like or like, you think that's your business? You think Skillionaire Enterprises LLC is going to like, terminate me at any time without me knowing about it? Not likely. Why? This is my business. Right. So if they can terminate you without cause and without warning, it's not your business. They are your vendor, they are not your business. And since they're your vendor, and if you desire to be a real business person, stop sending your clients that you attract to your vendor before you send them to you. What does that mean? That means sell them your thing first, that helps them. Now you've got influence, then sell them the opportunity. Then sell them the product. Now why do you want to do that? Here's why. Because then you're not just standing there, you're selling something, but you're not just selling something. You're selling something that sells something, that sells something. So you sell your course or you sell your book and your book sells your course and your course sells your product and your products sell your opportunity. And so what happens is now you've got a wealth generator. A wealth generator generator. Because you didn't just stand there, you sold something that sold something. See, so many people don't get this. What they do is they think, okay, my multi level marketing. And you become so loyal to the company. And so because that's what they hammer down your throat. And I get it, I understand what they're doing, they're protecting their interest, but you got to protect your interest. And so what happens is, if I've got a big old database and I recruit people, like I build my email list first and then I send sell my course or my book to my email list. And then the people who buy my course and my book, I sell them the business opportunity if the company does something stupid and changes the compensation plan or they change the product like companies often do, and now my income doesn't go away because if I don't like what they just did, I can go, and now I can communicate with those people because they were on my email list before they ever came a distributor for that company. Are y' all tracking? So what you're doing is, if you're not doing it this way, you're building the business of your vendor and ignoring your own business. Just, there's nothing about that that makes sense. Okay, so let's talk about the millionaire part. So you have to decide, what kind of millionaire do you want to be? What does that mean? What kind of millionaire do you want to be? Because like, like everybody thinks that, everybody thinks that all millionaires have a million dollars. Well, all millionaires don't have a million dollars. Many do. Like some millionaires. Some of us have millions and millions of dollars, but some of us don't have a million. Some of us don't have 300,000. Some people are. How can somebody be a millionaire if they don't have 300,000? Well, it depends on what kind of millionaire you are. Right. So what kind of millionaire do you want to be? So there are three types of millionaires that I'm going to talk about. I would recommend, I believe that you can become.
I believe that you can become two of these in network marketing. Okay, so. Well, you can become all three, but network marketing, the third one, it won't be in the network marketing. You can use the money you make from network marketing, become the third kind. So, okay, which I know sounds like a just a ton of money. It is.
But it's not that much, right? I mean, if you, if you wanted to, you could go through that in a day.
Be kind of. I mean, you have to buy some things you wouldn't ordinarily buy and pay cash for them. But you go through a million dollars in a day, right? I know. I've done it more than one occasion. Right? You can do. You can go through a million dollars in a day. Trust me. Okay, so what's that? Yeah, exactly. That is the new 100,000. And so a million dollars. So if you had a million dollars, are you a millionaire? Yes. But if you spend $1, are you still a millionaire? No. You're a 999,999 error. And that takes way too long to say. So.
We don't want to become a millionaire just so we can immediately become a 999,000. 9. 9 9, 9, 9. So what do we do? We invest the million dollars. We don't spend it. Right. So we invest a million dollars. Let's say we can get 6%. 6% on that million dollars. What's 6% of a million?
What is it? 60,000. 60,000. $60,000. So 6% of a million dollars is $60,000. If you divide the $60,000 by 12 months, that gives you how much per month? Gives you $5,000 per month. Now, y' all remember learning this math, right, in elementary school? Two things that are equal to the same thing are also equal to each other. So I call this virtual millionaire. How to live like a millionaire on your way to becoming one. What does that mean? Anything you do that brings in a passive $5,000 a month is the equivalent to having a million dollars invested at 6%.
Now, here's what's cool about this. This gives you, this gives you a feeling of accomplishment, a feeling of hope. Like, I'm doing this thing, I'm on this journey and it's working. I became a virtual millionaire long before I ever became a liquid millionaire. Right? Okay, so, so $5,000 a month, two things are equal to the same thing, are also equal to each other. So here's what, here's what we're gonna do to show you why this is so important. Let me ask you a question.
At the rate you're saving money right now.
How long is it going to take you to save a million dollars?
Here's the answer. A long time, right? If you save $100 a month.
It'S going to take you 833 years. Now, I'm not sure exactly how old you're going to be in 833 years, but you're probably going to be too tired to spend the million.
Okay, if you save $1,000 a month. Now, can most people save $1,000 a month? Probably. No, probably not. Not most people. Some people can, but most people can't save $1,000 a month. But if you save $1,000 a month, $1,000 a month would get you a million dollars accumulate. I'm talking about zero interest. Obviously you have interest, but I'm just giving you an illustration. A million, like a thousand dollars. It would take you 83.3 years. How old are you going to be? Eighty three point three years. I'm going to be 83.3 years. I'm going to be 156. Here's what that equals. Tired. Like really tired. Okay. Right. You're 156. You're really like, you're like, you ain't thinking about where can I go spend this money today? No, that's not what you're thinking. Okay, so how long. So if you're saving $10,000 a month, it's only going to take you 8.3 years. That's kind of mind blowing, too. You're saving 10,000amonth, and it's going to take you 8, 8.3 years to get to a million. Okay, Right. Why did I do that? Because if you can't get to a million, you can't invest it at 6%. How are you going to get to the $5,000 a month? Well, here's the point, here's the point. It doesn't matter. Let's Say you can get the $5,000 a month in residual in your network marketing company. That is the equivalent to having a million dollars invested at 6%. What if you had. What if you're in real estate and you have 10 properties that are giving you $500 a month positive cash flow? That's how much profit you're making. Well, then those 10 properties give you the ability to live like a millionaire on your way to becoming one. If you have a million dollars, you don't live off the million. You invest a million and you live off the interest. So now you can build a business that makes you $5,000 a month. You can do that, like part time in your spare time. You can do it in network marketing. Like, we make more than $5,000 a month just from our books that are online and I don't running no ads. Like, we have so many like, like, like virtually. We're a virtual multi, multi, multi, multi. I mean, we have. We have hundreds of thousands of dollars a month coming in without having to go out and get it. Now, I'm not bragging, oh, Myron, you're so wonderful. I'm just telling you, if we can get to hundreds of thousand, you get to 5,000, right? And so, like the first, like when, when I decided I'm gonna be a millionaire, the first thing I decided I'm gonna become a virtual millionaire first. Why? Because now I've got freedom. Why? Because this $500,000, this $5,000 a month is coming in without me having to go out and get it. So I don't just have $5,000 a month. I have $5,000 a month and 160 hours a month of work time that I can invest my time into figuring out what to do with that 5,000 to turn it into 50,000.
So the objective of becoming a virtual millionaire is to free up your time so that now you can invest that time into things that can bring you to the next point, which is going to be.
A cash flow millionaire. Cash flow millionaire. What's that? That's somebody who's making on average about $84,000 a month. 84,000amonth in cash flow, whether it's active or passive. 84,000amonth is a million dollars a year. It's about $2,700 a day. Here's what I'm here to tell you. I'm not saying this because the sound of all rich. I'm saying this because it's doable for you. I know, like getting to $2,700 a day, like on autopilot is not hard. It's not. It's no hard. Okay, I'll put it to you like this. It is hard, but it's no harder than what you're doing already. And what you're doing already has no chance whatsoever of getting 2,700 a day or 84,000amonth. So the second kind of millionaire is a cash flow millionaire. So it's to get to 84,000amonth in multi level marketing is way harder than getting to 5,000amonth. But it's still doable. Guess what? But what if the books that you write and the courses that you create, let's say you got a course that sells for $500, okay? Course it sells for $500. You sell, what is that.
16 of those a month? No. Is that right? 160amonth. 160, $500. That's $84,000 or $80,000. That's so doable.
All I'm doing is getting you to think. So here's what happens. People don't get to the millions because they don't do the math. Not because it's so hard, because the number is in their minds so big that they don't do the math. And then backwards, extrapolate or reverse engineer what they have to do to get to those numbers. That's the real reason you're not rich yet. You're not rich because it's so hard. You just never thought about it. Like I sat down and thought about it. Okay, I thought about the virtual millionaire secrets. Okay, I'm going to do the virtual millionaire. Then I'm going to do the cash flow millionaire. Okay? Then eventually you get to liquid millionaire. What you can do, like if you're really good with your money, liquid millionaire.
There's actually four. I said there's three. Liquid millionaire. So what's liquid millionaire? That's when you got a million dollars. But see, most people want. Most people value this. Like if I had to choose between liquid millionaire and virtual millionaire, I'd choose virtual millionaire. Why? Because cash flow is more valuable than cash accumulation. It's way more valuable. In fact, it's so like everything, all principles are microcosms with each other, right? So when you go to Israel, you've got the Sea of Galilee, that's up north, and you got the Dead Sea, that's down south. You got the River Jordan flows. Well, here's what's interesting. The Dead Sea is dead. Why is the Dead Sea dead? It only has an inlet. It has no outlets. Stuff can flow into it, but it can't flow out of it. And see, you want your money to become a dead sea of millions of dollars. You want it flowing in. I just want to accumulate and then go back and look at it and see how much I have. No, it's one of the reasons why you stay broke is because.
You'Re like a money hoarder. You don't get it. Cash is way more powerful when it's flowing. It does way more for you and your life and your family when it's flowing, not when you're just, I want to get as much as I can, can all I get, and then sit on my can. No, that's not it.
You want to keep it flowing. So liquid millionaire. I mean, it's nice being a liquid millionaire, but then the money's just there. Now you got to find something to do with it. Okay, so. And this is what brings me to the last one, which is an asset millionaire. Okay?
How can I set up my life so that these liquid millions and this cash flow millions, I can take this active and passive business revenue and put it in some assets that those assets now eventually grow to where they're producing more money than my active and passive business revenue produced together. So if you can, like, if you can, if you can create a financial game for yourself. First of all, okay, how fast can I get to virtual millionaire? How fast can I get to $5,000 a month passive cash flow? Well, if. Do you realize if you have a membership site, like you have a membership site or a newsletter, and it's $100 a month, you only need 500 customers. That's 5,000amonth. No, that's not right, is it? You don't need 500. Let me see. It's 50. You need 50 customers. 50 customers at a hundred dollars a month is 5,000amonth. That's crazy. That's crazy. Like on a newsletter or software, 50 customers gives you 5,000amonth. Guess what?
500 customers gives you 50,000amonth. What? This is getting crazy. 5,000 customers gives you $500,000 a month, you say? Myron, what are you saying? I'm just saying learn to think about your math. Do your math. Because the reality is like.
Cash accumulation and cash flow can create opportunities for you. Because sometimes when you're doing, like, cash flow strategies, you need some cash accumulation for a down payment, right? So get to the place in your life where, first and foremost, you decide, okay, I'm going to become a virtual millionaire. I'm going to figure out maybe it's two different income streams, maybe it's four different income streams, but I'm going to figure out how I can get me $5,000 a month passive coming in. Let me tell you something, that $5,000 a month passive is going to free up. Because the reality is, I mean.
The average person ought to be able to live off of 5 to $10,000 a month. I mean, I can live off of 5 to $10,000 a month, more 10 than 5, just because I bought some stuff that is expensive to insure.
But that's doable for everybody. And when you do it now, you set yourself up. So what happened for us? This is a progression that happened for us. I became first, we became first virtual millionaires. We were virtual millionaires for years before we were ever cash flow millionaires. Then we became cash flow millionaires. We were generating over a million dollars a year in revenue and then multiple millions of dollars a year in revenue. And then all of a sudden, you look around, oh, we've been doing this for a long enough period of time. Okay, now we have liquid millions. Okay, now what do we do? Oh, we got to figure out how we're going to protect these liquid millions. We got to put them into assets. And so now, yes, we're asset millionaires, but we're all constantly looking for some more assets because what happens when your cash flow gets bigger and bigger and bigger? You have to look for ways to offset.
Taxes and exposure. And so you do that by taking the accumulated cash and putting it into things that create more cash flow and preferably, but also eliminate taxes or minimize taxes or on the cash flow millionaire millions and the virtual millionaire millions and some of the accumulated millionaire millions. So now what's happening is you're becoming wealthier because you're protecting your money from the powers that would come and take it from you. This is how you become a network marketing millionaire. If you will do this. I know my mind. I don't know how to write a book. I get it. You don't know how to write a book. I don't know how to create a course. I get it. You don't know how to create a course. But when you landed on this planet, you couldn't walk, you couldn't talk, you couldn't ride a bicycle, you couldn't use a cell phone, you didn't know how to use a fork or, or a knife. Like, there's so many things you couldn't tie your shoes. There's so many things you couldn't do so I don't know how is not a legitimate excuse for not doing something. The real reason we don't do the things that will make our lives better is because they're not important enough to us. It's not because we don't have the money. It's not because we don't have the time. And it's not because we don't know how. Because we've all done things we didn't have time for. We've all learned how to do things we didn't know how to do. We've all bought things we didn't have the money for. When somebody comes up with an excuse, what they're actually saying is this. This is not important enough to me to figure it out. So here's my question for you on YouTube. Here's my question for those of you in this room. Is becoming a virtual millionaire, a cash flow millionaire, a liquid millionaire and an asset millionaire valuable enough to you that you're willing to do whatever it takes to set your family free? Because I believe do now and have for quite some time that poverty is always the result of spiritual warfare. And so we bought into some kind of lie. We've built a wall of protection around it in our mind so we feel like we're doing the right thing. And then we live in this, live in the land of lack for the rest of our days. Let's don't do that anymore. My recommendation to you is just decide, what am I going to do? Am I going to become a virtual millionaire? First, I would recommend it. It's the fastest one to get to like. It would take you 83, 8.3 years saving 10,000amonth to get to a million dollars to have to invest at 6%. But there's not a person watching this YouTube video right now who couldn't get to $5,000 a month passive cash flow by the end of this year if you just decided to do it. So hopefully this helps. In the meantime, in between time, stay blessed by the best and we'll see you on Thursday. On Thursday's live video. Bye.
It.
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