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In today’s show I will be covering the concept of 10X and how it can be more to you than just a pipe dream. This is the secret sauce to what made me who I am today.
The worlds biggest entrepreneurial event is SOLD OUT! But you don’t have to miss out.
Go to: https://grantcardone.com.com/virtual
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Grant is 100% correct. $1 Mill a year is great-and the starting line. Want to 10X? Aim for $1 Mill+ a year PASSIVE-that’s about $20 Mill @5%.
And that $20 Mill is from your $1 Mill a year salary after tax. For every million you earn $400,000 invested at 40% tax rate ($400,0000 personal tax) and $200,000 to live on.
So $400,000 invested @ 5% is $20,000 passive a year-therefore to get to $1 Million passive a year will take you 50 years!
Or, you can set 10X goals-and do that in 5 years at $10 Million a year pre-tax income. But do not INCREASE your personal spending from the $200,000 a year you are spending now! And yes, this is true- I’ve done it, and more, passive. Grant probably makes $30 Mill a year passive.
Remember, your life is like that melting ice cube-no time to waste! And make sure your investments are recurring income only.
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