I was having a conversation with one of my good friends who is building a community of savy investors here in Tampa.
After he mentioned his goal to start with 100 core members, he changed the topic and asked me how I came up with 100 Millionaires as a target.
This is how he framed the question:
"100 feels too big in some ways and not big enough in others but we’re going with it. How did you decide on 100 millionaires?
I just assumed it’s because it’s a round number but was there anything else behind that decision to pick 100 instead of 10 or 1,000?"
Revealing the mission:
Ha ha hell yea man, it's 2 sides of the coin for sure!
I choose 100 because it was the reasonable amount of deep relationships I know I can build and retain.
They say we can of store 250 relationships, so I was willing to set aside a dream 100 group of people to work with.
The 100 Millionaires is only the first phase of the mission.
The second part is, "who are inspired to build 100 Millionaires"
This way the strategy is forever growing and expanding its influence, while allowing me to grow deeper more meaningful relationships with my core 100 people.
My biggest fear with building the mentorship was losing track of people or letting someone slip through the cracks.
I never wanted to promise something that I couldn't uphold, so the concept of 100 seemed like a small enough, and highly enough leveraged group to work with.
It's just big enough to intimidate the weak, but small enough to still seem possible for the highly motivated.
The ultimate impact we all have on the world is yet to be seen, but the math adds up to the very numbers you suggested!
100 Millionaires who build 100 Millionaires and inspire them to build 100 Millionaires who then repeat the process
100
10,000
1,000,000
The potential gets crazy when we start thinking about 5-10 years from now, plus technology, plus the 80/20.
At some point we will attract someone who is able to build more millionaires than all the others combined! 🙌
To my friend (anonymous out of respect)
I deeply appreciate our relationship and conversations. Thank you for the work you have done to build yourself and the work you are doing to build others. 🙏
Cheers to our success! 🤙
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Helping people to be a millionaire is good.
Teaching people on how to catch fish is good, so that they will be millionaire like you.
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I was also wondering why you choose the number 100 and millionaire. In a way, you do your part and you will then encourage those people to do their part.
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You've got the right idea my friend! It was the most highly leveraged strategy I could think of and so far it is proving very effective. Some of the millionaires I have trained are already paying it forward!
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I love this.
The same concept with any sort of marketing list.
You don't want a list of 100,000 casuals.
You want a list of 100 that are essentially friends with you or your brand.
Keep up the great work!
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You nailed it! My background is in marketing and sales. So I've taken that same approach with the paying it forward phase of my life as well!
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Best wishes on your journey as you and your 100 add value to the world.
100 still sounds very demanding but I guess it all comes down to frequency and how you structure it. I would imagine there would be some very clear guidelines, otherwise, it could get quite chaotic... but hats off to you!
It's a very noble ambition. Not only looking to your own wealth but the wealth of others.
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Quite an interesting story on how this all started and having 100 millionaires give you the right amount of time to pay attention to them. We should put on our plate just what we can it and I like that you didn't choose more than you can chew.
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@behiver you've got the right idea my friend! ambitious goals are great, but if someone is falling through the cracks, then the whole mission is compromised. It also sets the bar for the next generation of Millionaire Builders who take up the mission to the relationships deep and meaningful.
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This is a very laudable and potentially world-changing goal. I hope to come up with a similar goal for myself and help many others also.
Guess the new year is a good time to get started ;-)
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I expected more from this article. What is he teaching them, about stocks/investments? How to live a life that helps you survive only having a million dollars? I am curious because a million doesn't go far these days, my condo cost that much. Thanks for sharing.
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The number truly makes it plausible, but do you have an acceptable success percentage?
Does it ever feel like hard work, and how do you cope if one person ever falls off?
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This is actually a smart concept. It will work for something I am trying to work on.
Thanks for making my work easy! :)
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