There are 3 phases of wealth. Just like I have 3 types of clients. The phase you’re in depends on where you are with your finances. Regardless of what phase you’re in, I want to share with you the problems I help my clients solve. It is always unique to where they’re at with their wealth creation and it is extremely valuable. I will break down each phase, the steps to handle, and how I help my clients so that you have even information to decide to hire a Wealth Coach from my company.
Increase income. This is phase 1. This phase typically looks like low savings balances, paycheck to paycheck, and not much margin left over at the end of the month. There are a few establishment steps that you need to take, but so does everyone. You need a plan for your wealth, you need to frequently review your finances, and you need to make sure you’ve got your foundation laid. But again, so does everyone, even at the highest level. I help my clients take care of these areas first and then we start to increase the income. The first step is to return purchases in the last 30 days that weren’t productive purchases. This refund will increase your income. Next step is to sell the things you own that aren’t vital and aren’t producing income. Often times, you can use online consignment and e-commerce to have these items listed and sold so that it won’t require your time. Most importantly, you need to increase income and this will be done by investing in yourself and selling. I help my clients do this by coaching them and giving them full access to Cardone University. My company is certified by Grant Cardone for coaching and we will work intensively with our clients on increasing their income until they can regularly save 40% of their gross income.
Save money. Phase 2 is the save money stage. Ironically, most people that I meet that are in this stage are doing the exact opposite. Typically, your income will be abundant, you live in a nice house, you drive nice vehicles, regularly go out and have fun, but saving isn’t really a priority. You aren’t broke, but there is usually less than $15,000 in the bank that is liquid and accessible. Clients in this stage that work with me are looking for a change. They know they should and could have money saved, but they do not and it is due to habits. I solve this problem by reducing their DITI costs (Debt, Insurance, Taxes, and Investments). This immediately increases your margin. We then setup a high cash value life insurance contract where you will commit to saving 40% of your monthly income. Life insurance?! Don’t worry this is not the kind you’ve heard about, this is liquid, safe, and creates an environment where it is impossible to not save. Our first savings target is $50,000. Then it’s $100,000. Then it’s $1,000,000. This is the discipline stage. You must keep the money as you earn it, you must keep it once it’s saved, and you must not get distracted or bored.
Invest money. When should you invest? When you have $50,000 available. You’d be amazed at people I’ve worked with who are making millions of dollars, but have nothing set aside to invest. Investments are the only way to freedom. Otherwise you will always have to organically create the income. Clients in this phase were diligent with saving 40% of their income and continue to do so. In fact, these clients continue to increase their income while saving 40%. At a beginner level, $50,000 will get you into an entry level real estate deal. You’ll make $300 – $400/mo in cash flow. This money won’t get you free and it will simply be saved with your 40% until you can do another one and stack the cash flow. At a high level, my ideal investor is accredited. This means they have $1,000,000 or more in assets, excluding their primary residence. Why is being accredited so important? Because baby money creates more baby money. Accredited investors also have access to opportunities that are not available to anyone with less than $1,000,000. I didn’t make these rules, but that’s the truth about how things work. If you don’t have $1,000,000 in assets you’ll always be stuck with the leftovers when it comes to investing. Clients that are in this position hire me to find their next deal. My job is to look at your plan, look at your current position, and find investments that help you achieve your goals. These are all involved in physical, income producing real estate or small businesses in some way and they pay monthly cash flow.
Everyone is in 1 of these 3 categories. The reality is, I help people everyday in each of these categories and I do it better than anyone else. I get success stories on a daily basis from clients telling me how I’ve helped them take their income from $10,000/mo to $140,000, how I’ve helped them take their savings account from $20,000 to $80,000, and how I’ve helped them take their investment returns from 4% to 12%. These are real stories from real people, all in a unique spot with their finances. This is where I come in and help and it all starts with a phone call. If you are in 1 of these 3 phases with your wealth creation and you would like to go to the next level, and go fast click here. My team will call you, provide information and a free Wealth Potential Analysis to see what you need to do specifically to eliminate scarcity in your life and own your potential.
Own Your Potential,
Jerry Fetta
Grant Cardone Certified Coach
Jerry Fetta helps his clients build wealth so that they can eradicate poverty in their own lives and own their potential.
He believes scarcity and abundance cannot co-exist and that the way to end poverty is to help you build wealth.
You were not created to spend 40+ hours per week serving the 40-year-to-life sentence trading your precious time for money just to live in mediocrity.
However, the truth is that time and money must be exchanged. It just doesn’t need to be you making the exchange.
Jerry helps his clients create wealth that exchanges time and money on their behalf. The only way to do this is to make more money, keep it, and then multiply it.
His clients see a 30% increase in income, a guaranteed increase in savings rate, and 8-12% fixed annual returns on their assets in the 1st 90 days of working with him.
To get started, go to www.WealthDynamX.com/potential
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