Stephen ScogginsFounder - CEO, Lion - Lamb Solutions · Founder CEO Unstoppable Solutions

MILLIONAIRES DO THIS 👀📈💸 #entrepreneur #wellness #money #unstoppable #success #businesscoach

12 Jan 2023 · 1 min

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A short motivational/business advice clip by Stephen Scoggins (YouTube, Jan 12, 2023) that explains a millionaire mindset about compounding both money and time. The speaker contrasts borrowing versus saving/investing (illustrative returns of 13–20%) and emphasizes prioritizing high-leverage activities (e.g., creating videos/series) to multiply the return on a fixed time investment (~10x effect).

Chapters

This is a specific skill that you got to understand, because millionaires make compounding work for them. Rather than borrowing $1,000 in many respects, you save $1,000, invest $1,000 to get a 13 or 14 or 15 or 20% return. That way, that money is constantly growing on your behalf, and your time is the same exact way. I'm going to focus on the things that give me the greatest lift, that give me more hours in my day. So if I can strategize a way in which to actually do a video, do a series, or something like that to get the most impact out of 30 or of my time, then guess what? I'm getting a return on that investment about 10x. Which is the main concern or the main strategy? The main technique you've got to understand about building wealth.