Jimmy's rule: save $1,000 a month and you'll have roughly $1 million in 20 years. Raise the amount as your income grows. The speaker shows how $5,000 monthly or $60,000 yearly compounds into serious wealth through discipline alone.
And on a scale of 1 to 10, how important is it to be— how many of you on a scale of 1 to 10, how important is financial independence? How many of you really want to become financially independent? What is your win? If you win here, what does that look like? Isn't that what we do for the families that we sit with every day? Just the fact of the matter is here you get to speed the process up. Very few places you're going to go where people are going to be talking to you about saving $1,000 a month. I started working with Jimmy, that's all Jimmy ever talked about. I guess that's where he started it. $1,000 a month, 20 years, you got $1 million. Over and over and over and over. And when you get, he says, when you get rich, and you start with $25, or you start with $50, and when you start making more money, you put more away. And when you're saving $1,000, up it to $5,000. Can you imagine your life 10 years from now saving $60,000 a year?
