Codie Sanchez breaks down seven ways to reach $1 million, from slow salary accumulation to faster paths through sales and subscription businesses. The math is simple: price per customer times number of customers. Pick the path that matches what you want and what you're actually good at.
Chapters
What if your plan to get rich is exactly the reason you never will be? Let me show you seven ways to become a millionaire. Most people try option one. This is $50,000 a year and you do it for 20 years. You got a good job, you're like a dental hygienist or something. But you know, before taxes, etc. This is going to take you 20 years to achieve. Next you're making 100k for 10 years better, but still a long time. Then you climb up the corporate ladder, you get a really high paying job, super rare for 250K. That means you're a millionaire in four years. Congratulations. That's, that's really cool. Then we get to the next level of the game where you sell something for $200 and that means you need 5,000 people to buy a 200 bucks to become a millionaire. Next level of the game, 500 people at $2,000. What you're seeing now here is that the more people that you sell to, likely the cheaper product will be and the fewer people you sell to, the more expensive will be. So now we don't go to one time sales, we go to subscriptions where you could get $17 a month subscriptions x4 5000 people and you're at a million bucks. How about $278 for 300 people, that's a million bucks. So you can do it in a year. You can do it in a year. You could do it in a year. You could do it in a year. You could do it in a year. Or you could wait for 10 or 20. The choice in becoming a millionaire is really what is your path? Are you playing the right game for the outcomes that you want and that you are uniquely skilled to serve?
