504: The Millionaire Formula: 10 Steps to Hit 7-Figure Net Worth (Part 2)

Sep 12, 2021

Discover the essential steps to achieving a seven-figure net worth! Learn how to upgrade your social circle and harness synergy for success. The hosts emphasize the importance of quitting unproductive habits and pursuing continual self-improvement. They discuss strategies to resist lifestyle creep while prioritizing investments, and highlight the need for giving back to the community. Plus, find out how building a strong team can amplify your strengths and lead to greater growth. Embrace the journey to wealth with practical insights and inspiration!

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ADVICE

Rapid Asset Investment

Buy assets like real estate with extra income, scaling up your investments.
This rapid reinvestment strategy accelerates wealth-building beyond slower, traditional methods.

ANECDOTE

Stair-Stepping Wealth

David Greene uses martial arts as an analogy for wealth-building, emphasizing incremental progress.
Like rising through belt ranks, real estate investors can use methods like BRRRR to steadily increase equity.

ANECDOTE

Synergy in Action

David Greene explains synergy using the Golden State Warriors as an example of how individual weaknesses can be mitigated within a strong team.
Brandon Turner illustrates the concept with Dwayne "The Rock" Johnson's tequila company, highlighting how existing momentum can launch new ventures.

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Wouldn’t it be nice to be a millionaire? Sitting under a palm tree, relaxing, with plenty of money set aside for you. To be in that position you not only have to escape the rat race but pledge to live a life of continual improvement, always looking for ways you can be better. That’s exactly what Brandon Turner and David Greene did to reach their multimillionaire status and live a life of greatness.

In this episode, we continue listing the ten steps to become a millionaire, with a bonus step at the end. If you didn’t hearlast week’s episode, check out episode 503 for the first five steps mentioned by David and Brandon. This time, we talk about things like harnessing synergy, upgrading your social circle, quitting the things that hold you back, searching for continual improvement, and always giving back.

Think of becoming a millionaire less as a singular task and more as a continual journey. If you put in the work and follow these steps laid out by David and Brandon, you’ll have a high chance of becoming a millionaire (if not a multimillionaire) within the next decade. So get out there, meet people, make opportunities, and achieve the impossible.

In This Episode We Cover:

Getting on a team where your strength is amplified

Surrounding yourself with those who overachieve and push you higher

Finding a way to quit everything repeatable or assignable

Doing what others view as “hard” and pushing yourself to be great

Helping others upgrade their lives and giving back whenever possible

Taking advantage of this strong economy to tackle as much as you can

And So Much More!

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