I am currently 25 years old, so I have 5-more years to make this happen lol.
This is going to be my personal blueprint to generating one million dollars.
Now, I’m not talking liquid one million, we are going to go the asset route.
Read carefully,
I already generate $10K/Month with my marketing agency.
If I am being honest, inflation sucks…so the $10k/month is cool but will not make me a millionaire before 30 years old.
How do I triple my money?
Well, I need to teach others how to generate $10,000 a month…
The eduction space is where I will be heading, posting back on my main channel while my second channel documents the investment journey.
I believe this will work because for those that are serious can change their life just as I have with the knowledge I’ve gain over the years.
Plus, i’ve already helped out a few students generate profitable results.
It’s time to return…
From the money earned via YouTube Monetization & Digital Products.
Those earnings will then fund my option trading account.
The earned income from the trading account will then be used to invest into long term stocks.
Now with that I know I will be able to have one million in stock assets.
But what will I do with the $10k/month?
Well, I have billed (which I live below my means.)
My expenses come out to a little over $5K/month as of 2024
Which leaves me with around $2,500-3,000 (I deducted a thousands because each month is not always $10,000 but roughly)
I will use remaining amount to go towards real estate…
Yes, I know I sold my first property this year but for a good reason…
I already share it in this video:
I’ve already told myself the next time I get back into real estate is for tax purposes, not so much cashflow.
There you have it, my one million dollar plan.
Nothing fancy honestly, yet how clear I am on the vision is a bit scary haha.
It all boils down to three fundamentals:
Fund, Fuel, Flourish
I just need funds, which will come from the channel and coaching.
Which will then allow the ability to fuel my trading account.
The growth from that will flourish my long term stock portfolio into millions.
Meanwhile, the agency income will build my real estate portfolio to help with all the taxes from the sells going to be made in my options account lol .
Yet, I will still be able to build equity overtime buy keeping a few homes under my belt.
Now of course, I’d love to have fun with the money earned.
Over the years I been fortunate enough to be presented to buy anything I want.
I really do not care about items, never in a million years would I have ever thought. I’d be investing more than buying things.
But I find pure excitement when I invest.
I’ve bought a Porsche and got excited for about 3-month.
I bought a house that turned into a rental property, and although it gave me headache more than anything haha I was more thrilled throughout that experience.
To sum it up, I really enjoy experiences more than items.
Things like traveling, masterminds, activities, etc…