09.28.22 - The Playbook
How to turn income into generational wealth
Here’s the playbook:
✅ Build a business to $5M/yr
✅ Amortize your retirement (extract & properly place ~$1.5M/yr x4 years)
✅ Sell business year 4 at a 3.5x multiple ($7-8M)
You have $6M producing $450k of income for you passive and an extra cash dump of $5-6M, post-tax, after exit.
$1M/yr automatic income for the rest of your life.
…Off of FOUR YEARS of labor.
This is why it’s important you set it up CORRECTLY and don’t waste all your time “figuring it out.”
The leverage of this kind of model is insane.
Now you see why I’m so passionate about this brand. We are building this out for our people FULL scope — with the end in mind.
A few thoughts:
⛔️ Don’t buy a plane (unless it’s coordinated to taxes)
⛔️ Don’t bloat your burn (ever)
The temptation, once income soars, is to eat it all. That defeats the end game 🙂
Happy building 💪
Taking a “wholistic” approach like this is so important. Maintaining health and vitality comes before anything because then you don’t spend your wealth on “deferred maintenance” within your own body. I believe If your not doing SOMETHING first thing in the morning to “get your head right” before you take on the day, I guarantee your health is probably lacking.
I freaking LOVE your “big picture” approach.
It’s a nice view up here :)
Pure GOLD as always man!