A short instructional video by Mike Andes outlining a four-stage pathway to grow $100 into retirement-level wealth without a degree. Stages: (1) sell your time (employee/service business) to reach $1,000, (2) sell other people’s time (hire employees) to reach $10,000, (3) reinvest capital into the business to reach $100,000, and (4) leverage other people’s money (loans/investors/real estate) to reach $1,000,000.
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Hey everyone, my name is Mike Andes and today I'm going to share with you exactly how you take $100 in cash and turn it into enough money to retire on. There's four steps. You don't need a degree, you don't need any special skills, and anyone can really do this. The first stage is you're going to basically be selling your time, you're going to exchange your time for money, you're going to become an employee, or you're going to start a service business. So you're going to start with $100 and you could go find yourself a job, or you could go out and buy a rake, buy some shears, start some pruning some bushes, or you could buy a mo, some rags and start a janitorial business. Service based businesses are really simple and easy to get started. You don't need a lot of capital, you don't need a lot of experience. You just need the work ethic to get the jobs done. Go find those jobs, maybe print off a few business cards, but for $100, you can absolutely go get work and get your business started. Now again, you don't have to go the business route, you can also just go get a job. But the goal here in stage number one is to get from $100 to, to $1,000. And unfortunately the vast majority of people don't have that thousand dollars in cash because they spend it on everything else in life besides actually saving the money. So right here you've got to get that first stage which is $1,000. And you're going to do that by either getting working at your job, trying to move up inside that position, make more money, or go start a service based business like mowing lawns, pressure washing, cleaning. All of these are really low barrier to entry and don't require a lot of startup capital. The second stage now is going to be when you sell other people's time. We started with our time, but now we're selling other people's time. In other words, we're an employer. We go out and hire someone, but on an hourly or salary basis. And our goal is to try to sell their time at a profit. And that's what's going to get us from $1,000 in our bank account to $10,000. This is a tough step because it requires now going beyond just you by yourself. Maybe you got a mop and some rags and some dish soap and started a cleaning business, but now you've got to go hire somebody else, maybe part time somebody, someone to Help you on the weekend, maybe they become a full time employee. But the goal here is you're selling other people's time, which is essentially like leveraging their time. You can only work so many hours in a day. By now tapping into someone else's time, you can really begin to scale the business. Now again, you might skip this step if you're an employee. It's not required to get to retirement. But let's keep on moving. The third stage is now where you're going to invest your money into the business or your cash that you've now saved up. Because we went from $100 to $1,000 now we're at 10,000 dol. Now our goal is how do we get to $100,000 in the bank? Well, if you have a service based business now we're going to invest our money into the business. We're going to buy more trucks, more equipment, we're going to hire more people, we're going to do advertising, we're going to create a website. We're going to invest our money now and allow our capital to actually work for us by investing it back into the business. Now owning a business of this size is by no means easy. However, there are absolutely service based businesses that do very simple services like mowing lawns and cleaning windows and they literally can make $100,000 in cash in their bank account, saving that money. So again, we're investing the money into the business. We potentially might even invest, go buy a house, invest that way. But really what we're doing is we're investing our own money, our own capital. Now this takes us to the fourth stage which gets us much closer to being retired. And that is leverage. That is using other people's money. Op, that's other people's money. Now that doesn't necessarily mean you need investors or partners. What that does mean is you might go get a bank loan to go buy some real estate. You might get a grant from the government to be able to go into a specific type of business venture. These are all ways of using other people's money. This is going to be how you get from $100,000 in cash in your bank to a million dollars in cash. And that might seem like way off. But again, every single one of these stages is not easy. It's a matter of putting the work in and putting the time in. Typically, like from a time perspective, you could literally get stage one done in a day or two. And that is how do I go get some jobs mowing lawns, trimming some bushes, installing some mulch, cleaning some windows, cleaning some gutters out. These are simple services that can be done in like a day or two. Step two, getting to $10,000 in cash in the bank might take you a summer. You're going to hire someone else part time, get some of your friends to help you on some larger projects and get more money that way. Stage three might take two to three years to build up, where you have several crews, you, you have more equipment. You've invested that money into the business so it can grow and scale. And now that leads you to the last stage, which is usually the most difficult. Going from 100,000 to a million dollars in the bank is going to require you getting loans, getting a real estate loan, taking your capital and starting to really leverage it, starting to actually let your money go to work for you. A great example of this is Grant Cardone. A lot of people know him, so I'm just going to use him as an example. But just about every wealthy individual has gone through these steps. And that is at first he, he was using his time. He was self employed, he had a service business. He would sell seminars and go travel and do weekend meetings at businesses. Now the second stage of his career was other people's time. What did he do? He hired other people to make the calls, do cold calling, be in the boiler room, give these calls to other companies and try to sell them on his digital services. Then he went to stage three, which is he started to invest in real estate. He started spending his money on different types of property, apartment complexes, et cetera. And now the fourth stage, which he's entered in now and has really blown up how much wealth he has, is using other people's money, other investors, other banks, and really leveraging that capital to actually grow his wealth. So I hope these four stages helped you just know that even if you do not have a business, you can be in stage one and be thinking like an entrepreneur. Trying to grow and invest in yourself, trying to help the employer, and then basically skip from stage one to stage four by investing in real estate, investing in the stock market, and educating yourself to do that is extremely important. And so if you don't own a business, you can absolutely still follow these four steps to grow your wealth and retire. Starting with just a hundred dollars. You don't need a degree, you don't need a bunch of money, a bunch of connections. It's not who you know, it's how hard are you willing to work to make this happen. I hope that was helpful. If it was. Check this video out over here where I took my small business, my mowing company, and really scaled it up. I was making minimum wage and literally five, six years later had a million dollar business. Check that video out here.
