How To Make Your First Million Dollars
Success Explained with Chris Guerriero · Chris Guerriero
Audio is streamed directly from the publisher (traffic.libsyn.com) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
Most people get it all wrong when they think about making their FIRST MILLION DOLLARS, but when you know the truth, then you know what target to aim at, and because of that, you're far more likely to reach your goal.
Here's an example…
Most people think that if they get into business, and their business makes a million dollars, they're a millionaire. But that's NOT the case!
After you take out expenses and taxes and everything else, you're not left with much, in fact, I know businesses that gross a million dollars and after all is said and done, they're left with less than $400,000 to their bottom line, and the owner might be able to take ½ of that for himself or herself.
So, grossing a million IN YOUR BUSINESS is not the answer. And for those of you who have companies that NET a million to you, meaning that you, as the owner can take a million as distributions from your company, you know that after personal taxes (because once you take the money out of your business and put it into your personal account, you have to pay even more taxes on it) and after all that, you're DEFINITELY not left with a million.
So, to make your FIRST MILLION DOLLARS, I'm going to suggest that you...
Listen now to hear more...