Bedros Keuilian Podcast Show 112. 10 Rules to Get Rich in 10 Years or Less
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Nov 19, 2024 Dive into powerful strategies for financial success with insights on personal branding, sales, and service. Discover the importance of active involvement in business for real wealth, debunking myths of passive income. Learn how mastering your time and energy can pave the way for growth. Understand your financial landscape and develop necessary skills to build lasting wealth. This is a roadmap for those ready to transform their lives and create a meaningful financial legacy.
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Long-Term Commitment
- Commit to a 10-year plan, focusing on your entrepreneurial goals.
- Surprise yourself with success in fewer years, rather than getting demoralized by unrealistic short-term expectations.
Equity Retention
- Avoid partnerships in the beginning of your business, especially if they don't bring unique value.
- Retain equity at all costs. Raise money and pay for services if possible to avoid equity dilution and control your business.
Time for Dollars
- Passive income doesn't exist; all money comes from trading time for dollars, either directly or indirectly.
- Even in automated businesses, key decisions and relationship-building require active time investment.
