How would you make 100K in 29 days? Rob is set a challenge this week; How would he make 100K in 29 days, by his Psychologist, Entrepreneur, and an Author Ed JC Smith. From his many year's of experience in building a property and training business, Rob talks through the key steps he would take. From ensuring that you have the right business model, your getting your hustle on and ensuring that you are learning constantly, there are lots of ways you can go to ensure you make 100K by the end of the 29 days. How would you go about earning 100K in 29 days?

KEY TAKEAWAYS

I have a property background, so selling property package deals to others could be a good way of starting. You could find a block and make that 100K back in one deal for example. There is a ‘hack’ in England where you can walk into an Estate Agents for free, be shown round properties for free but they don’t charge buyers free only the sellers.

Then the second thing I would do is to create a mastermind training business. This has very little overheads only an internet connection and some kind of experience. Everyone has some kind of experience they could teach. What is it that you know well? You could run a business or ‘writing a book’ mastermind which could be £5,000 a head, and you’ll be on your way in gaining the 100K.

I would go down to all the Estate Agents on the high street and say I have money to invest in properties viewing as many of them as possible. Alongside this go to as many networking, business events as possible with the aim of getting finance.

Gerald Ratner created a gym from scratch by doing this. He couldn’t get any finance from any banks so he put a newspaper ad out for memberships before the gym even existed. Luckily enough the bank manager's wife had bought one which he was then able to leverage to get the finance. He then used those memberships as collateral to finance the gym. He then sold it for £4 million.

There are estate agents in every city. There are lots of networking and business angel events. Today the barriers are really low to making money. You have to have the right mindset, and business model to make money, however.

There is a paradox in hard work. There is a way of thinking that says if you work hard then you will get rewarded in the future. But as an Entrepreneur you can be working all day really hard on nothing productive, making no money. I think you have to work smart and use leverage, rather than working all the hours possible. You have to find something that you enjoy and are passionate about.

What was your entry into business? I started as a struggling artist when I was 25/26 in thousands of pounds of debt. I went to a property event where I met my now business partner Mark Homer, after being told about the event by a gallery owner. About six weeks later he had got me a job in a property company. We then bought 20 properties in my first year, and then 50 in two years. We then sourced deals for other people in the next five years.

What is the key to life? I think the purpose in life is growth and self-actualisation. I think that a big myth is that happiness is key to life. If you are happy there is nothing to strive for after that. Whenever you are getting to the place that you feel happy when you always want to get to the next place and then the next. No one is always happy, because it’s impossible. I’m happy when I’m moving forward, growing.

I try to balance the paradoxes in my own head. I try and balance out the negatives and positives in my head. You have to have gratitude and a level of dissatisfaction at the same time to push forward. As much as it is good to be relentless this can come across as greedy, and power. Gratitude for what you have is important.

BEST MOMENTS

‘There is a ‘hack’ in England where you can walk into an Estate Agents for free, but they don’t charge buyers free.’

‘You could run a business or writing a book deal can be a way of creating a mastermind.’

‘Gerald sold memberships before he even had a gym.’

‘You have to hustle over the 29 days.’

‘If you walk into Estate agents they don’t as for any qualifications.’

‘Most other places with the consultancy you have to pay upfront, whereas Estate agents don’t.’

‘British people are little worried about ‘get rich quick.’

‘It took me 27 years to get into £50,000 and then four years to get out of it and make a million.’

‘There is a paradox in hard work.’

‘I really do prefer smart work, and leverage over hard work.’

‘Entrepreneurs are always thinking, not switching off.’

‘You have to be able to put the hours in.’

‘You have to work hard enough to not have to work hard.’

‘I think that most things are monetizable, as long as you enjoy it.’

‘Everything has got experience in something.’

‘You can learn, do and teach in one year.’

‘What do you already know?’

‘You have to be doing what you teach.’

‘Information is a real commodity.’

‘Meaningful progress towards a worthy goal is happiness.’

‘I want challenges and I want things to be hard.’

‘You do have to be careful what you wish for.’

‘Being satisfied with what you have can be a stronger motivator than being dissatisfied.’

‘You have to practice gratitude.’

About The Guest

Ed J C Smith is a Psychologist, Entrepreneur, Keynote Speaker and an Author. After over 10 years in the industry, he has had the privilege of helping thousands of people like you get exactly where they want to be and live life on their terms. Most people want more, whether it’s more time, more money, and more choice to do what they want to do. However, they lack a clear structure to get what they want. Most people live dealing with the biggest demons in life, overwhelm and procrastination, and thus get stuck not being able to move forward. In a world today so full of choices it’s hard for a lot of people to know what’s the right choice for them. Never before has it been easier to start a passion project on the side allowing more time and money to be created when you know exactly how. Never before has it been as important to start generating a second income source so that more security is created, however again dealing with those demons, procrastination and overwhelm, gets in the way.

Contact Method

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LinkedIn: https://www.linkedin.com/in/edwardjcsmith/?originalSubdomain=uk

[Business, mindset, entrepreneur, disruptors]

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ABOUT THE HOST

Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “Disruptors”

“If you don't risk anything, you risk everything”

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disruptive, disruptors, entreprenuer, business, social media, marketing, money, growth, scale, scale up, risk, property: http://www.robmoore.com

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