How To Become A Millionaire (Exact Steps Revealed)

What if becoming a millionaire was less about making money, less about working more, less about working harder? And it just came down to simple third grade math. In today's video, I'm going to be sharing with you just how simple this can actually be. In fact, you are going to be so mind blown that you would have wished that you would have found this video much sooner than, than you did. All right? So in today's training, I'm gonna be sharing with you the exact step by step simple process to go from where you are now to where you want to be. And chances are, if you're watching the video, you probably want to be a millionaire, which I think is awesome. So the first question you gotta start asking yourself is, is it really important for me to become a millionaire? And hopefully that answer is yes. Second question, are you making less than 10 to $15,000 per month? If the answer is yes to that, then that tells me something about you. You are probably struggling. Now I'm not saying that you're American poor, but you are probably struggling. You probably can't go on the trips that you want to go on. You probably can't give as much as you would like to give. You probably can't afford to send two, three, four kids to private school, right? Like you're getting by okay, but you're not able to live life to the fullest beyond, you know, just kind of, we're kind of getting by if you're making less than 10 to $15,000 per month. And the third question is this, what is a millionaire? Like, have you ever asked yourself that question? Have you ever considered what really is a millionaire? A lot of people just think, oh, a millionaire, you have a million dollars, so you're a millionaire. That is one of the ways, but it's not the only way. So before I can break down the millionaire money math that all of you are going to learn here in just a moment, let's really understand, okay? What is a millionaire? Check this out. So what is a millionaire? I submit to you that there are multiple kinds of millionaires. In fact, there's four different kinds. And the first kind of millionaire, I like to call this an asset or a net worth millionaire, okay? And this is the kind of person who, if you put their assets and minus the liabilities, Okay, if this equals a million dollars, just put 1m for 1 million. If this equals 1 million, then congratulations, you are an asset or net worth millionaire. For instance, you could start a real estate company and have $2 million worth of multi family apartments and Maybe you owe a million dollars on the note, but the equity in the apartments are a million dollars. Well, this would make you a millionaire, you know, an asset or net worth millionaire. And this is a very traditional way of how at least my parents generation and their parents generation measured, you know, millionaire. But guys, we are living in 2024. We are living in a brand new age of opportunity. I'm going to get to it here in just a moment, but I'm telling you right now, yes, this is a way to become a millionaire, but it's not the only way. Okay, so let's look at the second kind of millionaire. Hey, I really hope that you're enjoying the video. I want to invite you guys. I have recently created a free training teaching people how to make money online. My students are literally making anywhere from five to $10,000 a month and some of them even make hundreds of thousands of dollars. Not in a year, but in a single day. If you want more information on how you can get started, or all you need is a phone and a laptop, you can go to digitalproductacademy.org or you can click the link below in the description. Guys, after you watch the free training, if it sounds like it might be something cool for you to check out, you can book a free call with one of my client success coaches and they'll be able to help you more. Now back to the video. Second kind of millionaire is a passive income millionaire. Okay, what is a passive income millionaire? Let's break it down like this. Okay, so a passive income millionaire has basically built enough passive income that you can live the lifestyle of somebody who has a million dollars invested into whatever, an investment into the market. And traditionally, let's say you had a million dollars invested into the market and you were making a 6% return. Okay? Well that would come out to be roughly $60,000 per year passive income from your million dollar investment, right? So if you break that 60,000 down, and by the way, 6%, you know, most wealthy people, especially if it was guaranteed or close to guaranteed, maybe it's like a high yield savings account or something. 5, 6%, most of us will be happy with a 6% return on something that we don't really have to look at that creates that 60,000 a year passive income. So if you take that $60,000 of passive income from someone who had invested a million dollars at 6% and you break that $60,000 divided by 12, then guess what? That would be roughly 5k per month in passive income. Okay? So if you can Somehow figure out a way, which I'm going to show you a formula here in just a minute. If you can figure out a way how to create at least $5,000 a month of passive income, essentially you are living the same kind of life that someone with a million dollars liquid invested at 6% the same kind of return they're getting. You're getting that return from your passive income. Right. So that's why I say that the second kind of millionaire is that passive money. Sorry, that passive income millionaire. Right. And here's the crazy part, like anyone can do this. Maybe you have a funnel or a website that sells your digital course and you know, maybe you're selling your digital course for 997 and you sell five of those a month, congratulations, you're about the equivalent of a passive income millionaire. Right? Right. Maybe you have a coaching program and it's 5,000 bucks and you sell one of those per month and it just sells through your website or it sells through word of mouth and people are just passively purchasing from you. Congratulations, you're also a passive income millionaire. Or maybe you have some kind of digital product or multiple digital products that sell on your website or through your Instagram page or whatever it is, and enough people purchase your digital products every single month, it creates roughly $5,000 worth of passive income. Because with digital products you do the work one time and then you put them out there and then people buy them over and over and over. Okay? So if you have something like that and it's generating at least $5,000 a month, congratulations, you are also a passive income millionaire because that's the same thing as having a million dollars invested at 6% every single year. Okay, that making sense. Drop some fire emojis down in the comments if it's making sense. If you're getting it, let me know in the comments, say, I'm getting it. Okay, what's the third kind of millionaire? Let's check this out. The third kind of millionaire is a cash flow millionaire. Okay? Now a cash flow millionaire is someone who generates, oops, not just enough, but someone who generates a million dollars a year, Year in cash flow. Now you might be sitting here watching the video going, yeah, I mean, who can generate a million dollars a year in cash flow? And anyone can. Honestly, the time frames for, for this are much, much quicker. Especially if you hang on here just for a few more moments. When I get to the formula here, in just a few moments, it's going to be like mind opening, mind melting, like, wait a second, I can do this and I am going to do it. Hopefully you're saying that, right? So a cash flow millionaire is somebody who is generating enough cash flow that you're doing at least $1 million a year. And the math on that, guys, it's 83, roughly $83,000 per month. Okay? And maybe you have a business, in my case, I love teaching people about digital products. Maybe you have a business and maybe you have digital products that sell. And I have students right now who have done more than $83,000 in a month. I have people who have done hundreds of thousands of dollars per month in my program. They've learned the system and they're doing hundreds of thousands of dollars a month with their digital products. They have become cash flow millionaires. Right? My business does millions and millions of dollars every year, you know, cash flow millionaire. So anyone can do this. And honestly, if you build your business the correct way, especially the way that I teach in our programs, you can become a cash flow millionaire much sooner than you realize. Like literally within one to two years, your business can be generating at least a million dollars a year. Again, I'll be sharing with you the formula here in just a few moments. Okay? And the fourth kind of millionaire, Fourth kind of millionaire is a liquid millionaire. What's a liquid millionaire? This is somebody who has at least $1 million cash. I'm talking about if they wrote a check that for a million dollars, that check is not going to bounce. Okay, so my question to you is, which one of these do you want to be? Drop it in the comments. Drop it in the comments. Which one of these you want to be? Hopefully your answer is I want to be all of them. Right, because that's my answer too. What kind of millionaire do I want to be? I want to be an asset net worth millionaire. I want to be a passive income millionaire. I want to be a cash flow millionaire, and I want to be a liquid millionaire. And honestly, because of my digital product business, I am all of these things. And you can be too, right? If you go through the formula that's coming up here in just a few moments. The third grade math, the math that you learned in third grade can literally get you to this place much sooner than you could have ever imagined. Okay, so what kind of millionaire do you want to be? The answer should be all of them. So before I get into the formula, I want to share with you actually how my wife and I became millionaires. Okay, so this was just six and a half, almost seven years ago. Probably like yourself, we were Hungry for more information. We knew that there was something to do with the Internet. We knew that, man, there's opportunity out there. We just don't know what it is and how it works or what's the best one. Because there's seems to be a lot of opportunities out there. And we were searching and we were looking and we were doing research and before you know it, we came faced with an opportunity to join a mentorship program. By the way, I will tell you guys and gals this right now, mentorship is the shortcut. In fact, I need at least 10 people in the comments. Drop these words. Mentorship is the shortcut. There are no shortcuts in life except. Except for mentorship. And so we were faced with an opportunity to join a mentorship. And honestly, seven years ago, it was for a really old school opportunity at the time, and it was to create an online agency. And you know, for whatever reason, I was like, wow, this one looks okay. So my wife and I, we invested and we purchased this mentorship. And at the time it was like so huge. Like it was, I believe it was $5,000 for the first mentorship that we invested into. And honestly, looking back now, it wasn't even that good of a mentorship. Like it was a few videos and it was an onboarding video, just a few videos. Basically we paid $5,000 for this. But I was like, you know what? It has to work or it has to work. We just invested all this money. It's going to work or it's going to work. Which one? It's going to work. Okay, perfect. That's the mindset we went into this with. And so we invested into the mentorship, we learned all of the different strategies and all the different tools. And even though it was like an old school opportunity, an old school system, even though the mentorship itself wasn't even a very good mentorship, because of the knowledge and because of the mentorship we received from what was included in this program, we begin to take massive action. And I will tell you this right now, we begin to build this business exactly how they told us to do it in this old school program, right? And we just started taking action step by step by step by step. And honestly, as an entrepreneur, like you're not doing entrepreneur, you're not doing the entrepreneur thing, right? Unless you're like getting punched in the face every single day, right? This thing broke, or my website shut down, or I forgot about this, or the button didn't work when they tried to check out, or someone told me no. Or 100 people told me no. Like, whatever it is, you're just getting punched in the face left and right. But we didn't give up because it has to work or it has to work. And before you know it, within six months of just following this very old school and for 2024, extremely outdated mentorship program, we had made $900,000 in our first six months of building that business. And honestly, we didn't even know how much we made. We knew stuff was happening. We started saying, okay, well, we're kind of making money. This is kind of cool. And we didn't even know until we had put our head down and just plowed our field, right? We're like, we're doing this. And six months later, we looked up and we had all this money chilling in an account. We're like, what is happening right now? What? And it was at that point where we said, oh, my gosh, we made $900,000 in the past six months. What is going on here? Right? And so all of that to say, like, I'm not smarter than you, I'm not more special than you. Right. The only difference is, is I hired a mentor who taught me a system. I followed the steps. And this mentor had had success in that, in that arena. I followed the steps, I didn't give up, and we became millionaires. The same thing is happening for my students in our programs. Guys like my students right now, they're following our steps, they're making tons of money, and they are going for it. I have one guy right now who, he's become a millionaire in the past 14 months. Fourteen months ago, he joined one of my programs. Didn't know anything. Like, just like me when I joined my first program is like, what is this? Just took massive action. Follow the steps, and today they're a millionaire. Okay, so what is this formula that I keep talking about? How do we get there? And is it really as simple as third grade math? I'm glad you asked. Come with me here to the board and let's talk about it here. So here's the punchline, okay? I don't know if you've ever realized this before, but everyone over the course of their life will make at least a million dollars. Now, this is obviously relative, okay? This is assuming that you're going to live a long and full life. This is assuming that you start working around 16, 17, 18 years old. This is assuming that you work until you're 50 or 60, right? But over the course of most people's lives, most People are going to make at least a million dollars, right? So the punchline is this. Building wealth has more to do with speed than it does actually trying to make money. Let me break this down for you. What does that mean? Check this out, okay? Let's say you work at McDonald's, okay? And maybe at McDonald's you're making 20k a year, okay? Per year, right? Well, guess what? Over the course of 50 years, and if you're making 20k a year for 50 years, right? 20k times 50 years, guess what? After 50 years, you would have made a million dollars, right? But my question to you is, why would you want to wait that long? Why would you want to wait 50 years to make a million dollars? So when it comes to becoming a millionaire, you've got to get a need for speed. Now listen, I know that we've all grown up being warned about, quote unquote, get rich quick schemes, right? So many people, well, beware of those get rich quick schemes, right? But here's the bigger scheme. How come no one ever warned us about the stay broke your whole entire life scheme? I have news for you. If you're grown and you're broke, congratulations, you've already been schemed, you've already been scammed. If you're grown and broke, you've been schemed, you've been scammed, right? And think about this kind of like I said earlier, the same people who are like money isn't important are the same people who are spending their whole life trying to make money, right? Those are the same people who are saying, beware of get rich quick schemes. There's a lot of scams out there, but guess what? Those people are saying that are they wealthy? Are they rich? Have they, have they got what you would aspire to have? If the question is no, then why in the world would you take any advice from them, right? If you don't have something that I desire, I am not going to take advice from you in that arena, period, right? And most of these people are saying money's not important. You know, if you have a lot of money, you're greedy. Beware of get rich quick schemes. You know, like people who are saying this are just broke people who don't understand how money works, right? So when it comes to building wealth, you have got to understand that wealth has a need for speed. In fact, I need at least 10 people in the comments right now. Drop these words. Wealth has a need for speed. So here's the punchline. You need to create your millions as fast as humanly possible. Why? Because the sooner you can get it done, the longer you can enjoy it with the people that you love the most. Recently, I was on a call with one of my mentors, and I asked him, you know, if there was one thing that you could tell yourself 20 years ago before you started building wealth, what would that one thing be? And without skipping a beat, he said, like this. He said, I would tell myself to get it done sooner, to figure it out quicker because of the story I'm about to tell you. He said, when I started building this wealth, this is my coach's story, okay? He said, when I was starting to build my wealth, we were just barely starting to figure out this millionaire math stuff. We were just starting to build wealth. And he said, our whole entire lives, I spent most of my life struggling and trying to make it and just living in poverty. It was terrible. And he said, when we barely started begin to create wealth, I was so excited that I planned a trip to Hawaii for my family. And he said, we were all so pumped, but the one who is the most pumped was my son. And my son couldn't believe it because my mentor said, I told my family, we are going to go to Hawaii, and we're not going to leave until we're sick of it. Like, how awesome would that be, right? And so the family was getting ready for this, and they were still, you know, a number of months out. And between the time that my mentor had planned the trip to Hawaii with his family and between the time that they went to Hawaii, the son who was the most excited, everyone was pumped. But he said, man, my son was so, so excited to go to Hawaii. Between the time of planning and the time of actually going, the son got in a terrible car accident and unfortunately passed away a few days later. So my mentor, when I asked him, you know, what would you tell yourself 20 years ago that you wish you would have known then that you do know now? And the answer was, figure it out sooner. Get it done faster, because the faster. Faster you can figure this thing out, the longer you can have the money to actually enjoy with the people that you love the most. Guys, stop acting like you're going to be here forever. You're not. Like, if you live a long, healthy life, you're making it to, like, 80, 90, maybe 100. Like, we need to get some urgency here and stop thinking like, oh, man, maybe one day or somewhere out there down the road, like, no, wealth has a need for speed, and we've got to figure this thing out. Now, so that way we can enjoy it longer with the people that we love the most. Now remember, like I said at the beginning of the training today, all the math that you need in order to become a millionaire, you learned basically in the third or fourth grade. So come with me here to the board. Now that we are beginning to understand what is a millionaire, why is it important to become one? And you need to do it sooner than later, as fast as humanly possible. Right, now that we're understanding all this, let's look at the actual formula. And I think it's really going to amaze you just how simple this formula actually is. So let's check this out. This is the millionaire. Oops. Yep, Millionaire money math. Okay guys, it all comes down to very, very simple math. Like I alluded to earlier, even people who work at McDonald's or Starbucks, if they work there long enough, over the course of a long enough amount of time, they will make at least a million dollars. But how many of you know, with this formula that I'm about to give you here, you can literally collapse time. In fact, I need at least 10 people in the comments. If you want to know the formula, write these words, collapse time. What does that mean? It means I'm going to give you a formula to where it doesn't have to take you 50 years. You can actually do some simple math and you can collapse time. Maybe it's not going to take you 50 years. Maybe you can get this done in five. Maybe you can get this done in three. Maybe you can get this done IN one. Like my student that I told you about earlier. Right? I believe that you can. Let's come to the board here and let's start checking it out. Okay, so what's the millionaire money math? Let's say you have a $20 product, okay? You only need to sell 50,000 twenty dollar products in order to make $1 million. Okay, now that sounds simple enough. I'm sure there's people watching right now. You might be watching, going 50,000 sales. That sounds like a lot. I agree. I actually agree. So guess what we're going to do? We're going to move some zeros. Watch this. Okay? In fact, I need my laser for this one. We're literally going to take this math right here. It's so simple, guys, it's third grade math. We're going to take this zero and we're going to move it here. Okay? So here's what we're going to do. We're going to take this one and we're going to move it over there. So what if you had a $200 product? Now you only need to sell 5,000. Hey, real quick. If you've made it this far into the video and you're liking it, do me a favor. Share this video with somebody that you think might also receive some value. My biggest heart in this channel is to simply bring some awareness, financial literacy, and do it all from a biblical perspective. So go ahead and share the video, like, and subscribe. Do all that stuff, too. Back to the video of these $200 products. Okay, it's getting a little simpler now, right? Like, okay, this is making sense. Like, think about that. So selling a $200 product, this is much simpler than you could imagine. Think about this. If you have a product, maybe again, I teach digital products, right? So maybe you've got a course, maybe you've got a mentorship, Maybe you have a training online. You've recorded it one time and then you put it out there, right? Selling a $200 product 5,000 times, it's only like 13 or 14 sales per day. And you might be sitting here going, 13. I could probably do 13 sales a day. 14 sales a day. That's. I mean, it might feel like a little much, but I could probably do that. Guys, it gets even better. Let's keep doing the math. Let's keep moving these zeros. Check this out. Okay, we're gonna move these zeros now, and we're gonna move it over here. What if you had a $2,000 product, you would only need to sell 500 of them to make a million dollars? What if you had a $2,000 course that was like the most in depth, most awesome course that you could put together on what you're really good at or passionate about or that you have experience in or you have an expertise in? What if you put together a course and you put it out there, you listed it, and you sold one and a half of those per day? Like, now, guys, the math is getting really easy now. Like, could you make one sale a day? Like, do you think you could? Could you make one sale a day and maybe two sales on the weekend and roughly get to 500 sales in the year? The answer is probably yes. Like, I'm telling you right now, to become a millionaire, guys, you really just need to do this simple math, okay? So let's keep going because it gets even better. Watch this. We're going to move this zero here. We're going to bring it over here, okay? What if. What if you had a $20,000 coaching program. Now, you only need to sell 50 of them to make a million dollars. Guys, this is one sale per week. Could you sell something once a week in order to become a millionaire? I mean, this math is so crazy simple. It is so crazy simple. You don't have to over complicate this. You don't have to go try to figure out a new system. Or maybe I could sell crypto, or maybe I can learn drop shipping, or maybe I can do this thing. Maybe I can do the Amazon FBA thing or Airbnb this or passive income that. Guys, all you got to do is create products and choose how many times you want to sell them. The math is so simple. The math is so simple, right? What if you had a $20,000 mentorship and you might be sitting here going, who's going to pay me $20,000? Many people. If you're good enough at what you've done, like, maybe you've done the thing that you're passionate about. Maybe you've done the thing that you really like and you've done it forever. And you could show people enough information to get them a rapid transformation in that area. Many, many, many people would pay you $20,000 to teach them. Like, there are so many people out there who are looking for the premium product. Why do airlines have business class options? Why do hotels have suites? Like, why do concerts have VIP tickets? Because there's always going to be people out there looking to pay for the premium. Because even though you may not be the person who wants the best of everything, there are people out there who, like, I don't want the freebie. I don't want to spend 87 hours on YouTube trying to figure this out. Just give me the $2,000 course. I would love to pay you 2,000 right now. And just show me how to do this. Oh, you have a mentorship. It's only 20,000. Show me how to do the thing. I would love to pay you 20,000. Guys. You only need 50 sales. 500 sales, right? 5,000 sales depending on where you go with this. But the math gets even crazier. Come with me to the board one more time. Okay, what if you had. I want you to begin to dream. Okay? Dream big. Now, what if you had a $200,000 high end coaching or mastermind coaching program or mastermind? Guys, I have a $200,000 high end coaching mastermind product. And people pay. People have paid for my $100,000 mastermind product. People have paid for my 200,000 and I will tell you this right now, it is easier to sell the 20,000, the 100,000, the $200,000 product. It's easier to sell those once, twice, five times than it is to try to sell the $20 product 50,000 times. It's just easier. And I know your mind might be going, it can't be easier because it's more expensive, guys, I'm telling you right now, it's almost like the more expensive it is, the easier it is to sell. And so when you begin to consider this millionaire math formula, I want you to begin to come up with ideas, okay? Wherever you're at in the journey, come back here to the board with me. And by the way, guys, there's no wrong answer. Like, I'm not necessarily discouraging the $20 idea, but just consider, like, if you do the $20 product, you will need to sell 50,000 of them to get to a million. What's the fastest way to get to a million? Raise your price and sell less, right? Maybe create that $2,000 course and sell 50 of them. Like, let's just. Let's focus right here just for a minute, okay? I am telling you right now, maybe you have purchased a course for 500, 1000, 2000. Maybe you have sent a kid to college, or maybe you come from a church or ministry background, and maybe you have paid $4,000 for a semester at a specialized school, right? Like, it's not that people don't pay this. People pay this all day, every day. Like, every single one of you. You watching this right now. You can create products that people would love to purchase, and depending on where you price them. Again, let's just focus on the $2,000 course, okay? If you were to create that $2,000 course, you only need 50 sales to make a million dollars. Anyone can do this. Guys, the punchline is this. All money is created in the mind. What does that mean? It means everything that you tell yourself about your future, you made up. If you tell yourself this idea, like, oh, no one's going to pay me. You made that up. If you tell yourself, huh? People would actually probably like that night. Maybe I could sell them. You made that up. If you tell yourself, man, I'm going to create this product, I'm going to sell it for 2000 bucks. Like Rick said, I only need 50 of them to make a million. And people are going to love it if you tell yourself that you made it up. Like, everything about your financial future, it's all made up right here. Whether your financial future is looking low or whether your financial future is looking pleasant and prosperous. It all begins right here. So here's my challenge to you. Which area on the Millionaire math? Okay, are you going to begin? What product are you going to make? Where are you going to start pricing it? I want to know all about it in the comments down below. If you made it this far and you haven't liked or subscribed yet, go ahead and do that. Guys, I hope you've enjoyed this training. Stick around, stay plugged in here to the channel and we'll see you on the next video.